Improved User Experience
Dwolla’s flexible solution allows property management platforms to fit payments into the current flows of their platform for a great user experience. This helps accelerate adoption of digital payment methods and eliminate the need for time-consuming and error prone manual processes.
- Easily integrate payments into your current platform and maintain control of the branding and tenant and landlord experiences with Dwolla’s white-label solution.
- Perform the whole payment process in-platform. This speeds up the payment, streamlines the customer experience and decreases the burden on your customer support and operations teams.
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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, increasing profitability and improving the property manager and tenant user experience.
- 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.
- Allow property managers to offer automated recurring payments to their tenants, which can decrease the number of missed/late payments and improve experiences for both parties.
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Streamlined Integration
Dwolla's ACH API streamlines the integration of payment functionality into your property management platform. By connecting to a single provider, you abstract away the complexities of multiple integrations, reducing development time and costs.
- Integrate pay-by-bank payments and Open Banking Services, including instant account verification and real-time balance checks, through a single, well-documented platform.
- Leverage comprehensive developer docs, a fully simulated sandbox environment and dedicated support to accelerate integration.
- Correlation IDs track payments end to end, connect payments initiated through Dwolla to payment information in other systems and can be used to automatically close out open accounts receivable.
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Examples of How the Money Moves
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Rent Collection from Tenants
Tenants can directly debit their bank accounts for rent payments via pay-by-bank transfers. This can be set up as recurring automated payments for timely collection.
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Security Deposit Payments
Tenants can use pay-by-bank transfers for initial security deposits, providing a secure and auditable payment method.
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Disbursement of Funds to Property Owners
Property management companies can use pay by bank to disburse rental income and other funds directly to property owners' bank accounts.
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Direct Payments from Tenants to Landlords
Payments can go directly from tenants to landlords without involving the property management platform in the payment flow, helping to reduce regulatory and compliance risk.
