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Dwolla.

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Dwolla.
Dwolla is an e-commerce business allowing payments and money transfers to be made through the Internet.
A Dwolla account can be funded with electronic debits from a bank account or by receiving a money transfer from another Dwolla member. Funds in a Dwolla account can be withdrawn to a bank account or by sending a money transfer to another Dwolla member.
Dwolla is one of the methods available for adding funds to an account with some bitcoin exchanges. After irregularities were reported[1], some exchanges dropped Dwolla. Dwolla's terms of service change in May, 2012 affected its use with Bitcoin.
Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa [1] and provides accounts only to those who bank in the United States.
Contents.
1 Fees 2 Money Transfer 2.1 Timeline 3 Limits 4 Payment Hub 5 Risks 6 History 7 See Also 8 External Links 9 References.
The fee for transferring money to another Dwolla member is a fixed $0.25 per transaction. The sender can choose to pay the fee or to have the fee deducted from the amount sent.
Money Transfer.
Dwolla funds are transferred only to another Dwolla account. Dwolla allows a pending payment notice to be sent through Facebook and Twitter to notify a recipient who may or may not already be a Dwolla member, however for the recipient to claim the funds, the recipient must establish an account on Dwolla.
Timeline.
When available funds are transferred from one Dwolla account to another, the recipient has access to the funds immediately.
The process of adding funds can take from two to five business days. This is because Dwolla uses the Federal Reserve's ACH network which incurs these delays.
If transfer is made where funds must first be drawn from the sender's bank account, the transaction status will show as pending until the underlying funding transaction has completed.
Withdrawing funds from Dwolla to a bank account could complete the next business day however waiting two to three business days before the transaction completes is possible as well.
Dwolla has introduced a hybrid ACH service which eliminates the delay however only a very limited number of banks are using that service as of May, 2011.
Limits.
For personal accounts there is a $5,000 per-transaction limit. Business accounts have a $10,000 per-transaction limit. [2]
Payment Hub.
A Dwolla Hub is an optional service that assists in requesting a payment. Once enabled, the account holder can request money from anyone simply by providing the address to the account holder's hub page. For example, the founder of Dwolla has his own hub page.
Risks.
ACH fraud can occur (e.g., stolen account used to make payments, account holder falsely disputes a transaction they had authorized, etc.) so there is the risk of ACH chargebacks. In some circumstances, an ACH chargeback can occur within 180 days of the transaction. No payment cards (neither credit card nor debit card) are used to fund Dwolla accounts, thus the relatively common payment card chargeback is not a factor for Dwolla transactions.
In July of 2011, Dwolla changed their terms of services[2] to include:
"The receiving party of a transaction may be subject to chargebacks occurring within the account if claims are made by the sending party or by the financial institution. In the event fraud occurs, funds may be reversed and arbitration will begin with both parties."


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Dwolla bitcoin.
This question originally appeared on Quora, and was answered by Will O'Brien, owner of On Bitcoin.
Q: Which site is best for keeping a cloud bitcoin account? Specifically I want to: 1) keep my balance secure, and 2) change in and out of USD easily.
Sadly, the answer is none of them at this time. But there are some exciting new companies on the horizon.
First, some background. You can hold your Bitcoins in a wallet (cloud or desktop), at an exchange, or in cold storage. Each has its own profile for security and liquidity.
Security : There is a trade-off. Wallets and exchanges that are easier to use are often less secure. This is not a rule, just the current state of affairs. The biggest risk to Bitcoin is theft. If someone gets your private key, you will be robbed. See Bitcoin Theft: Mt. Gox Attack Pillages Investor's Bitcoin Account as an example of how a Java chat applet was used to pillage a Mt.Gox user's account.
Liquidity : Many exchanges have difficult account creation (to ensure security) and a prolonged wait to exchange to/from BTC, both as a hedge on currency volatility and because other institutions have delays, e.g., bank transfers. There is also regulatory risk and perceived regulatory risk. For example, Tradehill recently suspended its exchange due to regulatory concerns, Mt.Gox froze USD withdrawals, and Dwolla cut off Bitcoin users.
The general rules of thumb for both security and liquidity are:
Never keep a large amount of money in an single Bitcoin wallet. Some Bitcoiners would say a single wallet should be used only once and not hold more money than you would be comfortable losing in a theft. If you are amassing BTC as an investment rather than day trading or buying and spending, consider cold storage. Keep on top of your account security like you would at your bank. There will be new Bitcoin wallet services that do everything for you that BofA does today, but those are in the future, not the present. Keep on top of your service provider. If they get impacted by regulation or attacks, so will you.
With that in mind, below are the major players to consider.
Coinbase - SF-based Bitcoin wallet startup Pros:
Probably the most user-friendly site available. It's a simple, intuitive, web interface for buying and selling. Uses ACH transfer for buying/selling from USD. Real-time charts and exchange rates. VC-backed and reputable amongst the competition. Android app and iPhone app available.
Account setup is not trivial. Requires adding a bank account, verifying phone number, installing 2-factor authentication, etc. Transaction delays: BTC-to-BTC transactions take 1 hour to clear. BTC-to-USD and USD-to-BTC transaction take days.
iPhone app! You can buy BTC with SMS payments.
Very techie user interface, not intuitive. No services. Very basic buy/sell functionality.
Mt.Gox - Japan-based Bitcoin exchange Pros:
In the early days, Mt.Gox had a large amount of volume and liquidity. Still considered a leading exchange.
Instability: USD withdrawals were frozen (source: Mt. Gox Halts US Dollar Withdrawals at Bitcoin Exchange). Attacks: DDOS attack on Mt.Gox (source: Bitcoin Exchange Mt. Gox DDoS Attack: It's Been an Epic Few Days). Regulatory risk and policy changes (source: Mt. Gox Forces Users to Verify Accounts After Government Crackdown). Account setup very challenging: need to upload scan of driver's license or passport, and utility bill for proof of address. Then setup security center (Yubikeys or Software Authenticators). And more. Not based in US.
Reviewed as better than Mt.Gox. Based in USA.
Delays in initial trading after placing funds. May be impacted by Dwolla decision to cut off Bitcoin exchanges.
BitGo - Startup with promise of most secure wallet (note: this is a relatively new startup with interesting technology that is coming to market soon) Pros:
Innovative security implementation enables most secure wallet. User-friendly site, easy to execute transactions. Best account creation flow.
New to market.

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Companies no longer providing Bitcoin liquidity:
Companies not profiled in this answer:
BTC-e - Bulgarian cryptocurrency exchange CoinMkt - Relatively new exchange with thousands of trades OKPay.com - low-cost money transfers BitStamp - exchange based in Slovenia BitInstant - Winklevoss-backed startup Bitcoin exchange (site is currently down) Desktop Bitcoin wallets - e.g., Bitcoin-Qt, Armory, etc. In-person trading platforms - find somebody nearby to trade, e.g., LocalBitcoins.com, TradeBitcoin.com.
Payment Network Dwolla Cuts Off Bitcoin Users.
Payment network Dwolla prepares to block Bitcoin and virtual currency exchanges.
Dwolla is a payment network that allows any business or person to send, request and accept money. Their pitch is low flat fees, or in some cases no fees at all, to send money.
With the recent Silk Road bust that is still making heads spin at the magnitude of the illicit business operated on the Bitcoin marketplace, it seems that some companies are getting nervous about being too close to Bitcoin.
Dwolla is officially cutting off Bitcoin users from its network.
Here is an email Dwolla sent to its users.
As you know, Dwolla does not sell, accept, mine, value, take possession of, or hold Bitcoin or any other virtual currency product, and none of Dwolla's users transact business with Dwolla using Bitcoin or any other virtual currency product. However, recent interest involving virtual currency and its exchanges has created uncertainty and confusion around virtual currency, and Dwolla's relationship with a small number of its exchanges. This has forced Dwolla to reassign resources, funds, and services.
As Dwolla gears up for a new stage of growth, we recognize that we can no longer sustain this merchant base (.1 percent of Dwolla merchants) and its unique needs, and that attempting to do so jeopardizes both of our communities' starkly different, but similarly ambitious, vision for improving payments.
Effective October 28, 2013 at 4pm CT, Dwolla will be withdrawing its service offerings to virtual currency exchanges and virtual currency related services.
What does this mean? Your account, and its functionality, will remain unaffected. However, you can deactivate your account from within your Dwolla dashboard, if you so choose. Dwolla aims to provide its users and the few affected merchants with the guidance necessary to ensure a smooth transition. To do that, we encourage users to over-communicate with our support team, report any suspicious activity, and revisit our terms of service to ensure uninterrupted services.
What is the timeline of events?
October 10: Only existing users with a 30-day history with Dwolla will be able to send funds to merchants affected by this change. October 15: Affected merchants will be limited to sending money only, and will no longer be able to receive funds from customers. They will be able to issue refunds to customers at this time. October 28: Affected merchants' accounts will be suspended. No further activity will be provided. October 29: Provided no security or fraud concerns, Dwolla will transfer any of the remaining funds inside the affected merchant's Dwolla account to its linked bank account.
The decision to remove anyone from the network -- no matter the circumstances -- is not something Dwolla takes lightly. We are grateful for the opportunity to service and learn from these users. We wish the community and its pioneers the best.
Sincerely, Dwolla Support.
Is this a good move for Dwolla?
On the upside, it gives them a clean separation from the legal and regulatory risks associated with virtual currency exchanges and marketplaces.
On the downside, they may lose customers. One user commented in a forum about the policy, "I've just deactivated my account. There is really no reason to use Dwolla other than to buy Bitcoins."

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Payments company Dwolla is ending its support for Bitcoin and other virtual currencies.
Payment processing company Dwolla is to stop supporting Bitcoin and other virtual currencies from the end of this month, in an unexpected move that is likely to impact a number of Bitcoin startups.
In an email to customers (highlighted by Coindesk) Dwolla, which processes "millions" of dollars in payments per day, says there is "uncertainty and confusion" around Bitcoin and that its current work with Bitcoin exchanges is not sustainable due to the low scale.
TNW online events.
Our Couch Conferences bring together industry experts to discuss what's next.
Recent interest involving virtual currency and its exchanges has created uncertainty and confusion around virtual currency, and Dwolla's relationship with a small number of its exchanges. This has forced Dwolla to reassign resources, funds, and services.
As Dwolla gears up for a new stage of growth, we recognize that we can no longer sustain this merchant base (0.1 percent of Dwolla merchants) and its unique needs, and that attempting to do so jeopardizes both of our communities' starkly different, but similarly ambitious, vision for improving payments.
Back in May, the US Department of Homeland Security seized $2.9 million in Bitcoin from Dwolla, as part of an investigation into Mt. Gox, the Web's largest exchange service -- although there's no immediate suggestion that this is directly related. (Mt. Gox. itself suspended US dollar services on its Bitcoin exchange for two weeks this summer in what may also have been related to the US government investigation.)
Could it be that, having shut down Silk Road -- the underground marketplace for illicit goods -- authorities are moving on to pressuring organizations that help the Bitcoin money system flow, or are Dwolla's reasons exactly as stated? At this stage it isn't clear, and that isn't what Dwolla is suggesting.
Dwolla is planning a staggered withdrawal of service to virtual currency exchanges and services, as follows:
Today, October 10 (1500h, Eastern Time): Only existing Dwolla users will be able to send funds to your business.
2. October 15 (1700h, Eastern Time): Your account will be limited to sending money only. You will no longer be able to receive funds from customers. You will be able to issue refunds to customer sat this time.
3. October 28 (1700h, Eastern Time): Your account will be suspended. No further activity will be provided.
4. October 29 (1500h, Eastern Time): You will receive a copy of your final statements in .CSV format.We will transfer any remaining funds in the Dwolla system to your linked bank account. If you have more than one bank account linked, we will use the bank account with the most recent transaction, unless you notify us otherwise.
5. October 30 (and subsequent dates): If Dwolla receives a reversal or chargeback, we will notify you by email to the address on file. The email will provide the name of the sender and the dollar amount involved. The amount of the reversal will be debited the next business day from your linked bank account. If we fail to recover funds, we may utilize collections procedures.
Note: This article has been updated to clarify that Dwolla does not offer direct virtual currency services -- such as mining, accepting or possessing Bitcoin -- but instead offers its services to virtual currency exchanges.
Headline image via Zach Copley / Flickr.
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Dwolla Calls Bitcoin Exchange Suit 'Specious'
Person-to-person payments provider Dwolla Corp. responded late Tuesday to a lawsuit filed by the Bitcoin exchange TradeHill, saying allegations that it put TradeHill out of business were "specious" and that the suit is little more than an attempt to generate publicity.
TradeHill filed its suit Monday in U.S. District Court for the Northern District of California, claiming that Dwolla fraudulently advertised a no-charge back policy, and precipitated the shutdown of the exchange by reversing $100,000 in credited transactions and blocking TradeHill from transferring $70,000 of its funds from Dwolla.
TradeHill, of San Francisco, ceased operating in mid-February.
Dwolla, of Des Moines, said in a statement released Tuesday that it had received no formal notice of a potential lawsuit and that it would defend itself vigorously against any allegations of wrongdoing.
"What we will not do is provide specific comment on specious allegations made by those who have a self-serving interest in seeking publicity," Dwolla said in the statement.
Without responding directly to the allegations, Dwolla said that chargebacks are a serious issue and it needs to respond quickly to people who are claiming to be victims of fraud.
"Predators can use stolen identities to create fraudulent accounts without a victim's knowledge... A necessary byproduct of this kind of fraud is bank-level reversals, 'chargebacks' issued by the institutions on behalf of the victim, not Dwolla," the statement said.
Chargebacks are a thorny problem for Bitcoin transactions because they closely resemble cash, and unlike credit card chargebacks, which are well-regulated, they are new territory for payment processors.
Bitcoin is a digital currency that has no central issuing authority.
"We will not play accomplice to sources of ongoing fraud. In such cases, we move quickly and act appropriately to facilitate restitution on behalf of the financial institution and its members (the victims). This is required by federal and state consumer protection laws, but more importantly it's the right thing to do," Dwolla's statement said.
TradeHill's attorney, Pierre G. Basmaji, said the plaintiff is seeking $2 million in damages.


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Homeland Security Seizes Funds from Dwolla in Bitcoin Probe.
The Department of Homeland Security (DHS) issued a court order to the alternative payment provider Dwolla to cease operations with Mt. Gox, the largest Bitcoin exchange, which it accuses of operating as an unlicensed money transmitter.
DHS issued a seizure warrant from the U.S. District Court for the District of Maryland for funds in a Dwolla account associated with Mutum Sigillum LLC, or Mt. Gox, says Jordan Lampe, communications head at Dwolla.
"In light of the court order, procured by the Department of Homeland Security, Dwolla has ceased all account activated associated with Dwolla services for Mutum Sigillum while Dwolla's holding partner transferred Mutum Sigillum's balance to the proper authorities," Lampe says, in an email.
"In order not to compromise this ongoing investigation being conducted by ICE Homeland Security Investigations (HSI) Baltimore, we cannot comment beyond the information in the warrant, which was filed in the District of Maryland earlier [May 14]," says Nicole Navas, a spokeswoman for the U.S. Immigration and Customs Enforcement Homeland Security Investigations department in Baltimore.
In a copy of the warrant obtained by Ars Technica, the government claims Mt. Gox was "engaged in a money transmitting business but is not registered as required with FinCEN," and thus "the contents of [its bank account] are subject to seizure."
The Financial Crimes Enforcement Network issued guidance on virtual currency in March. Bitcoin businesses and exchangers are supposed to register with FinCEN as money services businesses (MSB).
Mt. Gox said on its Facebook page: "We take this information seriously. However, as of this time we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance. Mt. Gox is investigating and will provide further reports when additional information becomes known."
Mt. Gox, which is based in Tokyo, would not provide further comment. Transactions through Dwolla to Mt. Gox were halted yesterday afternoon.
"Obviously this is a red flag for every Bitcoin user," says Juan Llanos, executive vice president of operations and compliance at Unidos Financial Services Inc.
Seizures of this kind could hurt businesses involved since they must halt specific operations, Llanos says.
"The Feds are alleging that Mt. Gox is in violation of the Bank Secrecy Act in not complying with the regulations issued by FinCEN," says Terry Maher, an attorney with Baird Holm LLP in Omaha, Neb. "They are seizing the settlement accounts held in the U.S. to block U.S. payment entities from getting funds to/from Mt. Gox to carry out transactions."
As consequence, Mt. Gox may have to agree to comply and pay a fine with a deferred prosecution agreement, says Maher. It is unlikely that anyone will do jail time, he says, "unless there has been a tie to funding terrorist activity or dealing with a country subject to U.S. Office of Foreign Assets Control sanctions."
Ben Doernberg, a Bitcoin aficionado, sent funds from his Dwolla account to Mt. Gox yesterday at 10:07 am. An email soon arrived, stating that the funds had been successfully sent to Mt. Gox. The funds never showed up in Doernberg's Mt. Gox account and at 3:16 pm he received an email from Dwolla, time stamped 12:13 pm, about the court order.
"In the short term this doesn't seem like a great thing," Doernberg says.
But because of the industry's reliance on Mt. Gox, Vinny Lingham, CEO of Gyft, says the probe could be beneficial. Gyft accepts bitcoins for purchase of mobile gift cards that can be used at 200 retailers including Burger King, Lowes, American Eagle and Nike.
"I support any action that is taken to ensure that money flowing into the Bitcoin economy via the various exchanges complies with the applicable laws in the U.S. and internationally," says Lingham. "As a community, we need to support due process and compliance to ensure that it is a safe environment from which to conduct business in. I look forward to seeing more exchanges in the U.S. being used to conduct trade legitimately using Bitcoin. In order for this economy to grow, the community needs to rise above its roots within the underground market, much like the Internet did in the 90's."
Separately, Mt. Gox faces a lawsuit by CoinLab Inc. for breach of contract. CoinLab worked with Mt. Gox to facilitate bitcoin transactions in the U.S. and Canada. CoinLab claims Mt. Gox did not provide the necessary information for CoinLab to fulfill its part of the agreement and "eventually attempt[ed] to ban all customers who had worked with CoinLab."
Dwolla was separately involved in a lawsuit with the Bitcoin exchange TradeHill. TradeHill sued Dwolla for $2 million last year, claiming Dwolla's chargeback policy forced TradeHill to shut down. The lawsuit was dismissed in May 2012, and TradeHill relaunched this month with a new product, Prime, aimed at businesses and investors.

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Feds seize money from Dwolla account belonging to top Bitcoin exchange Mt. Gox.
Mobile payments service won't move money to and from Mt. Gox post-court order.
Joe Mullin - May 14, 2013 10:55 pm UTC.
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The Department of Homeland Security has apparently shut down a key mobile payments account associated with Mt. Gox, the largest Bitcoin exchange.
Chris Coyne, co-founder of online dating service OKCupid, tweeted out an e-mail he received from Dwolla this afternoon. The e-mail states that neither Coyne, nor presumably any other Dwolla user, will be able to transfer funds to Mt. Gox.
Dwolla confirmed the change to the New York Observer , which first reported the story. Dwolla received a seizure warrant from a federal court.
"The Department of Homeland Security and US District Court for the District of Maryland issued a 'Seizure Warrant' for the funds associated with Mutum Sigillum's Dwolla account (a.k.a. Mt. Gox)," a Dwolla spokesperson told NYO' s BetaBeat. "Dwolla has ceased all account activities. for Mutum Sigillum while Dwolla's holding partner transferred Mutum Sigillum's balance, per the warrant."
It isn't yet clear why this seizure happened, and Dwolla isn't saying anything beyond confirming the court order. Mt. Gox didn't immediately respond to an inquiry from Ars about the seizure. A user on Bitcoin StackExchange published this short reply received from an inquiry to Mt. Gox about the shut-down: "Thank you for the e-mail. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then."
A DHS spokeswoman declined to comment on the case, "in order not to compromise this ongoing investigation being conducted by ICE Homeland Security Investigations (HSI) Baltimore."
Using a payment service like Dwolla is one of the easiest ways for US residents to buy Bitcoins. More popular payments services can't be used to buy on the Mt. Gox exchange--PayPal, for instance, can't be used to perform currency exchanges. Mt. Gox is the largest Bitcoin exchange, handling about 63 percent of all Bitcoin purchases.


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Compare CoinGate Bitcoin Payment Processor vs Dwolla.
What is better CoinGate Bitcoin Payment Processor or Dwolla? If you wish to get a convenient way to decide which Payment Gateway product is better, our exclusive method gives CoinGate Bitcoin Payment Processor a score of 8.8 and Dwolla a score of 8.9 for overall quality and performance. Furthermore, CoinGate Bitcoin Payment Processor is rated at 100%, while Dwolla is rated 93% for their user satisfaction level.
You can also evaluate their product details, such as features, tools, options, plans, pricing, and many more. Find out whether the solution allows you to customize some of its workflows to guarantee the app complements your own business procedures.
We did our best to prepare reviews of all popular Payment Gateway products available on the market, but among all the ones we reviewed these three caught our special attention: PayPal Payments Pro, 2Checkout, Stripe .
CoinGate Bitcoin Payment Processor.
Dwolla.
PayOp.
This product is our partner, which means they paid for being featured as one of the suggestions. Our team takes great care to ensure all sugested products are reliable, top-quality solutions.
CoinGate Bitcoin Payment Processor.
SmartScore™
User Satisfaction.
Pricing.
Pricing Model.
List of Features.
Businesses.
Bitcoin Point of Sale E-commerce Plugins Bitcoin Payment API Payment Buttons Accept Over 50+ Altcoins Instant Conversion to EUR/USD ShapeShift.io Integration.
Traders.
3% fee for buying/selling 24-hour withdrawal Top level protection with 2FA using Google Authenticator Document encryption.
Pricing Info.
Here are the details on CoinGate Bitcoin Payment Processor Pricing:
CoinGate charges a flat 3% transaction fee. There are no setup or maintenance costs, no additional costs for the customer, and merchant payouts to EU countries are also free of charge.
For SMB and enterprise pricing inquiries, contact CoinGate directly.
Languages Supported.
Prominent Clients.
Unranked Smurfs, Mineshop, Lava VPS.
Integrations.
CoinGate integrates with the following business systems and applications:
Magento OpenCart WooCommerce PrestaShop WHMCS VirtueMart.
Available Devices.
Company Size.
Available Support.
General Info.
CoinGate is an online cryptocurrency platform that provides merchant services to businesses and individuals, basically allowing businesses to accept Bitcoin and over 50 other "altcoins".
Company Email.
Contact No.
Company's Address.
Goštauto g. 8 LT-01108, Vilnius Lithuania.
Product Comparisons.
Popular Alternatives.
Dwolla.
SmartScore™
User Satisfaction.
Pricing.
Pricing Model.
List of Features.
Instant and micro-deposit bank verification Fund management Dynamic dashboard and admin API for powerful ACH payments Easy bank verification Expedited transfers MassPay On-demand transfers Custom limits.
Pricing Info.
Dwolla's enterprise pricing information is available only upon request. Contact the company for more details, and ask for your quote.
Languages Supported.
Prominent Clients.
Goat, RentMonitor, Bluezebra Sports.
Integrations.
No information available.
Available Devices.
Company Size.
Available Support.
General Info.
Dwolla is an online payment solution specifically designed for better bank transfer transactions, customer management, and account verification.
Company Email.
Contact No.
Company's Address.
Product Comparisons.
Popular Alternatives.
PayOp.
This product is our partner, which means they paid for being featured as one of the suggestions. Our team takes great care to ensure all sugested products are reliable, top-quality solutions.
SmartScore™
User Satisfaction.
Pricing.
Starting from $0.2.
Pricing Model.
List of Features.
Local card acquiring Alternative payments Mass payments Analytics and reporting Payment processing.
Pricing Info.

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PayOp does not offer enterprise pricing plans, but instead takes a percentage from payments plus a fixed fee. Here are more details:
International cards - starts at 2.4% plus $0.2 fixed fee.
European cards - starts at 2.4% plus $0.2 fixed fee.
Argentinian cards - starts at 4.0% plus $0.3 fixed fee.
Peruvian cards - starts 6.5% plus $0.3 fixed fee.
Turkish cards - starts at 3.9% plus $0.3 fixed fee.
Chilean cards - starts at 5% plus $0.3 fixed fee.
Colombian cards - starts at 5.5% plus $0.3 USD fixed fee.
Indian cards - starts at 5.0% plus $0.3 fixed fee.
Mexican cards - starts at 6% plus $0.3 fixed fee.
Uruguayan cards - starts at 4.5% plus $0.3 fixed fee.
Chinese cards - starts at 5% plus $0.3 fixed fee.
Brazilian cards - starts at 2.7% plus $0.3 fixed fee.
Indonesian cards - starts at 4.3% plus $0.3 fixed fee.
ian cards - starts at 2.9% plus $0.2 fixed fee.
Languages Supported.
Prominent Clients.
Integrations.
PayOp integrates with the following applications and business systems.
Woocommerce Opencart Prestashop X-Cart.
Available Devices.
Company Size.
Available Support.
General Info.
PayOp is an online payment platform that allows businesses to take payments from all over the world, thanks to its availability in 170 countries and the ability to process hundreds of currencies.
Company Email.
Contact No.
Company's Address.
PayOp FINTECH DECISION PTE. LTD. 68 Circular aRoad #02-01 Singapore.
Product Comparisons.
Popular Alternatives.
Almost as crucial as functionalities and user support responsiveness are pricing packages provided by CoinGate Bitcoin Payment Processor and Dwolla. Even though price should not be the sole element it's without a doubt a significant thing to consider. You should try to find a flexible pricing plan that can be adjusted to your team size and painlessly scaled up when your team develops. Make sure you don't pick pricing plans that have complex tools that you won't use and always make an effort to get in touch with the vendor directly as big companies can usually count on more affordable prices. You should also try out a free trial or demo of each solution to spend at least some time using it. It's a useful experience that doesn't require you to pay any money and offers a reliable overview of what it feels like to work with CoinGate Bitcoin Payment Processor and Dwolla.
Page last modified 2020-05-12.
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Dwolla shuts doors to bitcoin companies and virtual currency exchanges.
Dwolla has announced it can no longer work with virtual currency exchanges and other bitcoin-related services.
The online payment system provider emailed its customers who operate companies related to bitcoin and other virtual currencies to inform them it is withdrawing its services as of 28 th October at 16:00 CT.
Dwolla's reasons for doing so aren't exactly clear, with the email stating:
"Recent interest involving virtual currency and its exchanges has created uncertainty and confusion around virtual currency, and Dwolla's relationship with a small number of its exchanges. This has forced Dwolla to reassign resources, funds, and services.
As Dwolla gears up for a new stage of growth, we recognize that we can no longer sustain this merchant base (0.1 percent of Dwolla merchants) and its unique needs, and that attempting to do so jeopardizes both of our communities' starkly different, but similarly ambitious, vision for improving payments."
The company is to gradually wind down the services available to its virtual currency customers over the two-and-a-half weeks before cutting them off completely. From today, for example, only existing Dwolla users will be able to send funds to the businesses in question, while on 15th October, those bitcoin businesses will no longer be able to receive money through Dwolla and will only be able to send it - until 28th October, when these business accounts will be fully suspended.
As ever, Reddit forum members have differing views on the development, with user 'trifith' stating that it was "going to happen sooner or later".
"The point of exchange between Fiat and BTC is the single weakest point in the bitcoin ecosystem. We shall see what comes of this," (s)he added.
While 'ths1977' said:
"The U.S. government is really cracking down hard on bitcoin lately, I won't be surprised to see coinbase go next. I have a sneaky feeling though that this is all just a ramp up to cleaning bitcoin up so that 'they' can get their stinky hands all over it."
The full email from Dwolla to its virtual currency customers can be found here.
This move comes shortly after Capital One closed the bank account of a company after it started selling purely commemorative silver and copper bitcoin coins. According to Mulligan Mint's CEO Rob Gray, the bank hadn't bothered to do their research properly, as merchant services said the account was cancelled because the company was selling bitcoin.
What do you make of the news? Are banks and payment system providers running scared due to government interference?