December 2, 2011

Dwolla Online Payment Network, An ACH Alternative?

Will Dwolla Online Payment Network provide an ACH alternative?

Dwolla payments are the equivalent of online cash i.e. little to no fees for payment transactions, a great convenience.

Dwolla has zero-fees for sub-$10 transactions and $0.25 fee for all others.

Dwolla has a big announcement coming up on Dec 15. The speculations, that Dwolla will provide an ACH alternative – where transactions settle a lot faster than ACH, an accelerated-ACH.

Per Tuna-Fish (on Hacker News
On the contrary, based on the little PR that they have made, I feel that replacing the ACH system is their primary desired endgame. They are actively selling their payment network as an alternative to ACH for their member institutions.