As we develop our partnerships, we’re seeing exciting new ways that our ACH API is being put to use. With that, we wanted to share some items that may not seem obvious—read on to learn 5 things you may not know about Dwolla.
Did you know…You can build account-to-account transfers into your consumer application with Dwolla
The fintech revolution is here, look left and right and you’ll see new applications and platforms enabling smarter use of money, be it for investment, savings or simply paying back friends. When Dwolla was first developed we focused on putting our mobile app in the hands of users to pay their favorite businesses. Things have changed.
Today, we’ve realized the value of our API is in what others can build with Dwolla powering ACH transfers.
For example, fintech startup, Sweep needed a solution to allow its application users to move money between two bank accounts. They integrated Dwolla into their application. Now, whether a user wants to move funds from Bank of America to Wells Fargo or from Wells Fargo to a Chase bank account, they can. Better yet, Sweep will let you do this as often as possible since there are no per-transaction fees.
Summary: If you’re building an application, Dwolla’s API can enable a peer-to-peer funds transfer function between various bank accounts.
Did you know…Dwolla plays well with other payments technologies and APIs
If there’s one thing Dwolla does well, it’s bank (ACH) transfers. Programmatically or electronically bringing traditional ACH processing into the 21st century is our jam. Where do bank transfers perform best? Often times in investment platforms or paying out vendors or contractors that fuel your marketplace or on-demand service model.
We don’t mind if you use other payment vendors to accept credit or debit card payments. We’ve partnered with a number of large marketplaces that use Dwolla exclusively for paying out their vendors, while using other payments APIs on the front end to process credit cards.
Did you know…Dwolla offers a highly customizable White Label integration
Another value-add to customers is the extent to which you can customize a White Label payments integration. Dwolla can help you facilitate bank transfers via the ACH network for your customer through your own platform. Imagine a payments experience that feels and looks just like your website or portal—we’ve got that.
With our customizable stylesheet, one customer’s integration can look vastly different from the next. Change the fonts, alter the button colors, it’s all up to you. We’ve built a demo of our dynamic bank verification experience so you can play around with it.
Did you know…We are compatible with mobile apps and interfaces
Mobile apps appear to be taking over the world. Sure you build a website, but the number of users accessing your application while on their phones is on the rise. Dwolla plays well here, too. Our API works with mobile seamlessly.
Sweep, who we mentioned above, built a fintech mobile application and easily integrated Dwolla to provide a bank transfer functionality. More and more, we’re seeing customers with similar needs, and Dwolla has proven a good fit for their payments.
And for our developers:
Did you know…We have RESTful API which implements the HATEOAS constraint
What does this mean? We use hypermedia, basically links & link relations, to tell you about all the actions that can be performed on the current resource, allowing you to traverse the API from a single entry point.
The entire API is discoverable starting from the root URI, documentation is not needed!
If you’ve learned something new about Dwolla’s API for bank transfers and want to learn more, reach out to one of our knowledgeable integration specialists.
Interested in how your business could be utilizing Dwolla within your platform or application? Reach out to our sales team.