The problem: You’re a marketplace that needs to make several hundreds of payouts to your merchants or service providers—but it has to be easy to manage financially and technically.
The solution: A full-stack ACH payments solution, free of a per-transaction fee that can be integrated quickly.
When shopping around for a payments solution there’s lots to consider, from ease of integration and commitment of developer time to cost of use and functionality. As you hunt for the perfect payments product for your marketplace, several questions will crop up. Here are some things to consider:
Wait—what’s a white label payouts solution?
Simple, Dwolla White Label allows you to make payouts using the Dwolla API via ACH transfer, but the payments maintain your branding. You get the power of Dwolla’s technology with the look and feel of your site.
White Label allows you to make payouts directly to bank accounts.
If you’re a consumer-facing marketplace, you’ll need to continue to accept credit card payments, there’s no way around it. However, Dwolla can provide a great payouts solution to your merchants and providers on the backend.
Every line item matters when running a business; the most efficiently run operations account for every expense. Unlike credit card payments, with varying percentage-based fees and costs per transaction, your budget can have consistency with Dwolla.
With no fee per-transaction, pay a flat rate each month based on your use case, and make managing monthly business expenses far more simple—no more calculating and speculating based on percentage points.
When implementing a new payouts solution, there are two paths:
Option 1: Build it yourself from scratch. You’ll end up building a solution that costs your business hours of valuable development time, as well as money. You also risk getting caught up in red tape and compliance frustrations (that we’ve already worked through).
Option 2: Integrate with Dwolla’s solution. Our API leverages Dwolla’s existing infrastructure—bank partnerships, communication protocols and more—to get you up and running in a few weeks.
In an industry that’s moving quickly, building every element of your payment gateway is simply not feasible. Integrating Dwolla’s White Label offering gives you that tailored solution, your brand, your look, but with support at your back.
Earn revenue for each payout by leveraging our facilitator fee feature, and simplify splitting payments between you and your providers.
You can slice and dice the facilitator fee in several ways. Make it a fixed rate based on each payout or collect your payment based on a percentage of the transaction. You programmatically set parameters for transactions within the API.
From our flat fee structure to easy implementation, Dwolla White Label makes sense for marketplaces:
- Payouts are easy and feel like your brand
- Costs are straightforward and simple to manage
- Our facilitator fee makes it easy to collect your profit
If you’re looking to get started or have some questions, we’re more than happy to answer.
Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.