is Dwolla Legit? ( Important Things to Know About Dwolla)

is dwolla legit

One of the questions people ask about digital financial companies and online businesses is ” If they are legit or not”. In this article, I will be reviewing one of the Fintech companies Known as Dwolla.

Is Dwolla legit? Relax, you will find your answer here in a minute and many other things that you need to know about this company.

Is Dwolla legit? Yes, Dwolla is a legit Fintech company that allows users to link bank accounts either manually or through an automatic, near-seamless process.

When assessing if a company like this is legit or a total scam, there are things to check. First, their headquarters, If they are registered by the government, how old the company is, their total assets or revenue, and customer reviews.

The first thing you might need to ask and know is ” Where is their Headquarters?

Dwolla Headquarters is in Des Moines, Iowa, United States.

This company was founded in 2008 and has around 120+ employees.

This means that this company is very old and has been providing transactional services till now, which can only tell us one thing. They are legit.

Dwolla has a post-money valuation in the range of $100M to $500M as of July 21, 2021, according to PrivCo.

Finally, they are registered in the United States of America by the government.

Now you know that they are legit and Why they are. Finally, to answer your question again. Dwolla is a legit USA Fintech company, and they boast of about 3 million customers.

What Is Dwolla And How Does It Work

Having talked about if they are legit or a scam, let’s know many more about them and what they are.

Dwolla is a white-label service that allows businesses to receive ACH payments at low fees.

Just like many other digital banks or Fintech companies, this company handles people’s transactions, which means that you can send and receive funds with Dwolla.

They transfer through ACH bank transfer and allow you to link your bank account with them for easy transactions.

This is to say that they enable businesses to accept ACH payments, an alternative to paying with cash, credit, debit, or check. Customers can electronically transfer funds directly from their bank account into your business bank account, and you can send ACH payments back to your customers for credits and refunds.

Talking about their transfer processing time, they have different plans for that. On average, it takes 1 to 6 business days to process transactions, depending on the plan you are subscribed to.

Is Dwolla Safe?

Is Dwolla Safe or Secure? Apart from not being a scam. Another important thing in platforms like this is how secure they are.

Dwolla is very secure and safe to use or transact with.

I understand that security is one of the main concerns of online businesses, especially financial digital companies like this one. This is because our banking details are very sensitive that if fallen into the wrong hands could lead to fraud.

Don’t worry, both your banking information and the Dwolla itself are totally safe from hackers, etc.

The platform is encrypted with strong Https and other online security tools, so you are totally safe.

Does Dwolla Work Internationally?

When a company like this works internationally, it means that they do cross-border transactions. Is Dwolla like that?

Dwolla offers international transactions with Transfermate.

Although Dwolla is a USA-based Fintech company, but with its integration with Transfermate, payments could be sent to at least 160 countries of the world, which makes it a cross-border Fintech company.

Conclusion

Dwolla is a safe and legit Fintech company to use for transactions, especially for those in the USA.

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