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Payment Methods

Standard ACH
Standard processing times.

Same Day ACH
Expedite your payments.

Instant Payments
Transfers in near real-time.

 
Features

Digital Wallet
Initiate faster transactions by utilizing Dwolla's Digital Wallet to hold funds.

Dwolla Dashboard
Access and manage your payments data through the our user-friendly interface.

Webhooks
Real-time notifications.

Correlation IDs
Tracking transactions and reconciling bank records.

Addenda Records
Additional transaction information, like a note or memo.

 

 

 

 

 

Security

Open Banking Services
Instant account verification, balance checks and fraud mitigation.

Tokenization
Digital interactions result in unique identifiers.

Bank Verification
Smoother, safer, more efficient transactions.

Secure Exchange Solution
Securely exchange data with trusted partners.

Benefits

Sandbox Environment
Simulate use cases and try out features.

Dedicated Support
Supporting your payments journey.

Tracking Transactions and Reconciling Bank Records

Correlation IDs allow businesses to easily track and reconcile payments by creating a common identifier between Dwolla and other systems.
Transaction Detail Dwolla dashboard with 3 icons, with data, API, and webhooks.
CORRELATION IDS

Tracking Transactions and Reconciling Bank Records

In order to truly reap the benefits of automating payments, you need a single identifier to help you track payments from end-to-end across systems and help you close out payables and receivables in your systems. This is where correlation IDs come into play. Instead of having to build a process that matches payments in your system to Dwolla or bank payment IDs, you can build in an identifier (a correlation ID) to do that matching for you automatically.

The Correlation ID value can be specified on API requests to create a Dwolla Transfer or External Party resource. Whether you use this optional parameter to correlate internal transfers, order confirmation numbers, business IDs or even a timestamp, its simplicity provides a lot of power.

End-to-End Payment Visibility
Ensure payments can be tracked from initiation all the way through to completion. Using a Correlation ID improves the traceability of a transaction between two systems.
Automated Reconciliation
The Correlation ID eliminates manual intervention in the reconciliation process by linking the payment from your system to the automated webhook notifications as the payment status updates.
Searchable Within Dwolla’s API
Concerned about a transaction? Call the API using your Correlation ID to easily locate and view updates on any transaction in question.
“Our business transactions have seen tremendous growth monthly and quarterly, and I want to say that the ease of making payments remains the same with Dwolla, which is what we like to see.”
Financial Services CompanyChief Operating Officer

Leading Open Banking in North America

40+ Partners
20M+ End-Users
121M+ Annual Transaction Volumes
99.9% Uptime, 365 Days

Dwolla Connect

Dwolla Connect is a unified API solution across financial institutions and account-to-account payment methods and is designed specifically for mid- to enterprise-sized businesses with established payment operations. It empowers them to undergo a seamless digital transformation from outdated payment systems, manual processes, and file-based operations to fully streamlined, automated processes.

 
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