Bitcoin Forum
December 09, 2016, 09:18:00 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Dwolla now has zero transaction fees for under $10 purchases  (Read 898 times)
mokimarket
Sr. Member
****
Offline Offline

Activity: 322


View Profile WWW
December 01, 2011, 06:26:35 PM
 #1

http://www.siliconprairienews.com/2011/12/dwolla-axes-fees-on-transactions-less-than-10-says-more-details-to-come

Pretty big news. I think they will become a major competitor to paypal over the next year if they keep this up.

1481318280
Hero Member
*
Offline Offline

Posts: 1481318280

View Profile Personal Message (Offline)

Ignore
1481318280
Reply with quote  #2

1481318280
Report to moderator
1481318280
Hero Member
*
Offline Offline

Posts: 1481318280

View Profile Personal Message (Offline)

Ignore
1481318280
Reply with quote  #2

1481318280
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
BadBear
v2.0
Administrator
Legendary
*
Offline Offline

Activity: 1652



View Profile WWW
December 01, 2011, 06:27:59 PM
 #2

Yeah thats pretty nice. 

1Kz25jm6pjNTaz8bFezEYUeBYfEtpjuKRG | PGP: B5797C4F

Tired of annoying signature ads? Ad block for signatures
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2002



View Profile
December 01, 2011, 06:40:52 PM
 #3

I think they will become a major competitor to paypal over the next year if they keep this up.

This move by Dwolla competes directly against Bitcoin, particularly in the micropayments space ... down to $0.01 USD through Dwolla?  Now free (apparently).

And they have a Mobile App for iPhone ... https://www.dwolla.com/dwolla-for-iphone.aspx
And Investment backing.

This is seen as important enough that the post on Hacker News for it rose to #1 right away and remains in that position:
 - https://news.ycombinator.com/item?id=3300066

As far as the benefit of this to bitcoin ...  this gives even more options for those wishing to spend their bitcoins, as converting to Dwolla from the exchanges is trivial.  Similarly, converting Dwolla funds into bitcoins takes very little time and can be automated as well.  For instance, I wouldn't be surprised to see Bitcoin used by those merchants who aren't from the U.S. as the method for moving funds out of Dwolla to their local currency.  Through a U.S.-based intermediary, of course, as Dwolla is only available to persons or businesses in the U.S., for now.

This will be good for the #bitcoin-otc marketplace as well -- as it is the most widely used place where people can convert their Dwolla USDs over to PayPal USDs, for example, and vice-versa.
  http://bitcoin-otc.com
  http://webchat.freenode.net/?channels=#bitcoin-otc-foyer

[edited]

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!