Insurance Platform Uses ACH Payments for Efficient Claim Reimbursement
- A pet insurance platform started searching for a more efficient reimbursement solution to help scaling efforts. This platform onboards thousands of policyholders on a monthly basis
- Partnering with Dwolla and implementing ACH payments has allowed their customers to claim reimbursements 5 days faster than with a paper check.
- Electronic ACH payments saved this insurance company over 92% in costs vs. paper checks.
- Reimbursement efficiencies improved by over 800% by switching from paper checks to ACH.
Investment Platform Facilitates Art Buying with ACH transactions
- An investment platform uses standard ACH transaction timing not only as a check against fraud but also as a peace-of-mind payment method that lets them know how much money is in the bank and when it will arrive.
- Since going live with Dwolla, this Investment platform went from transferring “a couple hundred thousand dollars” through the Dwolla Platform to facilitating tens of millions a month in art investments.
- For their end users, having the ability to make a quick and easy investment is a significant step in making art acquisition more accessible. The flexibility and ease of ACH payments with Dwolla means the API works in the background with little to no intervention from the company’s engineers.
- Their payment volumes scaled by 200% using ACH transactions.
Real Estate Platform Uses ACH for Inexpensive, Quick and Reliable Payments
- Real estate companies and escrow holders use this platform to collect earnest money deposits and commissions electronically, eliminating the need to manually deliver paper checks or conduct real estate transactions in person.
- When this real estate platform first implemented Dwolla’s payment API, the company used standard ACH transaction timing to facilitate real estate payments.
- The technology team can easily toggle between Standard ACH and Same Day ACH transfers, depending on the end user, risk factors or use case.
