When you’re integrating payments, you have to make the smartest decision on how to move money.
One great (and cost-effective) payment method is utilizing ACH transfers within your platform. Many businesses are able to reduce costs incurred by high card processing fees when bank transfers would be a better fit in the first place—such as in the disbursement process.
The good news: integrating ACH payments is now simpler and more flexible than ever with Dwolla’s bank transfer API. Whether you’re moving money between users’ bank accounts or paying out thousands of service providers, consider an ACH solution.
Here are some types of companies that are integrating with Dwolla’s ACH API to improve payments:
Integrate Online ACH into Applications
Consumers are relying on mobile applications more than ever and new services and apps are being developed to serve this rising trend. We’ve gotten to know a few companies building their own innovative applications who use the ACH Network through Dwolla.
New FinTech apps have found value in Dwolla’s ACH API, baking account-to-account bank transfer functionality into their platforms and applications, while designing the user experience and maintaining branding control.
Deliver ACH Payouts to Service Providers
If you’ve built the best platform tailored to a unique demographic or target audience, be sure you’ve also integrated the best option for that audience to get paid. From sending mass payments to contractors to paying out college referees, Dwolla’s ACH API allows you to build your ideal ACH payouts tool in a safe and simple way.
Build in ACH Payments to Improve your Online Marketplace
Similar to paying out service providers is paying out sellers in a marketplace. We have a wide variety of partners that use our ACH API to deliver payouts to vendors. Because of the Dwolla API’s flexibility, marketplaces can easily accept card transactions on the front end and power bank transfers via Dwolla on the backend.
By building bank transfers into their platform with Dwolla’s API, marketplaces are able to programmatically deliver payouts to thousands of vendors with only a few clicks of a button.
Marketplaces using Dwolla’s API for payouts:
Integrate ACH to offer an Additional Payment Option on your Platform
Finally, a simple addition of ACH payments is an additional payments option right alongside credit cards.
This is a supreme benefit for businesses to encourage adoption of ACH over payment with a credit card—you keep more money because you cut out those pesky percentage-based transaction fees. Integrate Dwolla’s bank transfer technology to save money in collecting recurring membership fees. Use our cost calculator, powered by Nacha, to estimate how much you’re overpaying for payments.
Whether you’re looking to move money in a mobile application or make payouts to the thousands using your platform, tapping into the ACH Network is always a smart option to explore.