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Enhance Payment Success and Accelerate Cash Flow
Dwolla’s pay-by-bank payments and real-time balance checks help improve payment success rates and reduce the risk and cost of failed payments. Faster settlement of pay-by-bank payments accelerates access to funds and cash flow and improves the user experience.
- Reduce the likelihood of failed payments by pulling funds directly from the customer’s bank account after checking the real-time balance in the account.
- Enhance user experience by leveraging RTP and FedNow for near real-time payment processing for BNPL providers, merchants and customers.
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Reduce Costs and Improve Profitability
Dwolla’s unified API provides access to automated pay-by-bank payments that can offer lower transaction fees compared to card payments, reducing operational costs for every repayment.
- Connect to pay-by-bank payment rails including cost-effective ACH and faster payment options, such as Same Day ACH and instant payments via the RTP® network and FedNow® Service.
- Automate the payment process and reduce costs to help improve financial efficiency and optimize cash flow.
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Mitigate Risk and Minimize Chargebacks
Dwolla’s bank transfers and Open Banking Services help reduce reliance on vulnerable card details, leading to lower risk and fewer chargebacks.
- Protect payments data with a variety of enterprise-grade security measures, including encryption and tokenization.
- Use open banking features like instant account verification and real-time balance check to help reduce the risk of returns and fraudulent transactions.
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Examples of How the Money Moves
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Customer Repayments via Pay by Bank
Customers can seamlessly link their bank accounts and authorize installment payments to BNPL providers, reducing costs and improving payment success.
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Faster Merchant Payouts
BNPL providers disburse funds for customer purchases to merchants quickly and cost-effectively, improving merchant cash flow and satisfaction.
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Efficient Customer Refunds
BNPL providers process refunds back to customers’ bank accounts faster and more directly than traditional card reversals.
