Dwolla - a podcast by Koren Motekaitis

How many of you pay online for things? What service do you use? Or maybe you are a business owner and are tired of paying those credit card processing fees, account fees, monthly maintenance fees, etc.

Have you heard about a relatively new company – Dwolla? Dwolla created a payments network that s completely independent of credit and debit cards. You can go shopping in person and use your mobile phone to transfer cash from your bank account to that store. The cost. Free for the buyer and .25 cents for the business.

Currently Dwolla has 20 employees and about 80,000 users moving between $1 million and $3 million per day in transactions. By the end of the year, Dwolla expects to have 250,000 users and a total of $1 billion in transactions for the year.

According to Fast Company magazine, Dwolla is the World s 8th most innovative company.

I talked with Dwolla COO, Charise Flynn about:

• What is Dwolla
• Why did founder, Ben Milne create Dwolla
• safety & security
• using Dwolla with social media – Facebook, twitter, and LinkedIn
• what kind of impact does Dwolla want to make
• how is Dwolla growing
• Business side – staying in Iowa, working on folding tables, etc.

Dwolla

• Website
• Safety
• Security & Patners
• twitter

 

music Christine Kane – Virginia

smiling,

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