I don't like the fact of any place holding a direct link to a bank account. I dont care how many questions you need to answer to access the account or make a transaction, the ability of the website to secure its database is what's in question. But it seems that mostly all the services pawn off that actual money transfer to a different site that takes it directly from your bank, or has very high fees. Does anyone know a better method of funding a Dwolla account?
The good thing about Dwolla is that it uses ACH to do its transactions, because it is bank backed. Why does that matter? Because if there is fraud you can file a dispute against the charge with your bank and they will investigate and if found to be fraud then you will be refunded your money. Also why its always better to run your debit card as a credit card. If its run as a credit card and there is fraud, then you can dispute it. If you do it as a debit transaction with pin number, there isnt much you can do because no one is supposed to know your pin number but you so the banks automatically assume you did it, or that you gave your pin to someone and trusted them with your account.
