Dwolla - Revision history

Kangasbros at 15:14, 28 August 2013

2013-08-28T15:14:04Z

← Older revision		Revision as of 15:14, 28 August 2013
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	* [http://www.Dwolla.com Dwolla.com]		* [http://www.Dwolla.com Dwolla.com]
	* [http://www.siliconprairienews.com/2011/06/bitcoin-what-is-it-and-how-is-dwolla-involved-in-its-marketplace Bitcoin: What is it and how is Dwolla involved in its marketplace?]		* [http://www.siliconprairienews.com/2011/06/bitcoin-what-is-it-and-how-is-dwolla-involved-in-its-marketplace Bitcoin: What is it and how is Dwolla involved in its marketplace?]
			* [https://localbitcoins.com/buy-bitcoins-online/dwolla/ Buy Bitcoins using Dwolla]
			* [https://localbitcoins.com/sell-bitcoins-online/dwolla/ Sell Bitcoins to Dwolla]

	==References==		==References==

Sgornick: Add Dwolla's changes to its Terms of Service regarding money service businesses and virtual currency.

2012-05-16T00:57:11Z

Add Dwolla's changes to its Terms of Service regarding money service businesses and virtual currency.

← Older revision		Revision as of 00:57, 16 May 2012
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	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 Funds in a Dwolla account can be withdrawn to a bank account or by sending a money transfer to another Dwolla member.		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 Funds in a Dwolla account can be withdrawn to a bank account or by sending a money transfer to another Dwolla member.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 [[:Category:Exchanges\|exchanges]]. After irregularities were reported[http://bitcointalk.org/index.php?topic=32142.0], some exchanges dropped Dwolla.		Dwolla is one of the methods available for adding funds to an account with some bitcoin [[:Category:Exchanges\|exchanges]]. After irregularities were reported[http://bitcointalk.org/index.php?topic=32142.0], 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<ref>[http://www.idob.state.ia.us/public/license/Financesrch/licenseView.aspx?lic=1004589 Iowa Money Transfer Agent Status]</ref> and provides accounts only to those who bank in the United States.		Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa<ref>[http://www.idob.state.ia.us/public/license/Financesrch/licenseView.aspx?lic=1004589 Iowa Money Transfer Agent Status]</ref> and provides accounts only to those who bank in the United States.
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	Dwolla launched nationwide in the U.S. on December 1, 2010<ref>[http://www.finextra.com/news/announcement.aspx?pressreleaseid=36962 Dwolla goes national with social money platform]</ref>. They reached volume of $1MM<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref> per week in June, 2011 and then hit a level of $1 million per day just a month later<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref>.		Dwolla launched nationwide in the U.S. on December 1, 2010<ref>[http://www.finextra.com/news/announcement.aspx?pressreleaseid=36962 Dwolla goes national with social money platform]</ref>. They reached volume of $1MM<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref> per week in June, 2011 and then hit a level of $1 million per day just a month later<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref>.

			On May 15, 2012 Dwolla's Terms of Service was changed to prohibit the use of Dwolla involving "virtual currency" or with organizations regulated by FinCEN (e.g., money service businesses)<ref>[https://bitcointalk.org/index.php?topic=81945.0 Dwolla changes TOS to prohibit Bitcoin transactions?]</ref>.

	==See Also==		==See Also==

Dymutaos: reworded a sentance about credit cards

2011-11-18T14:43:06Z

reworded a sentance about credit cards

← Older revision		Revision as of 14:43, 18 November 2011
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	==Risks==		==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. ~~Payment~~ cards (neither credit card nor debit card) are ~~not~~ used to fund Dwolla accounts thus the relatively common payment card chargeback is not a factor for Dwolla transactions.		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[http://www.bitcoinmoney.com/post/8067352221/dwolla-allows-chargebacks] to include:		In July of 2011, Dwolla changed their terms of services[http://www.bitcoinmoney.com/post/8067352221/dwolla-allows-chargebacks] to include:

Tejdhawan at 16:28, 16 August 2011

2011-08-16T16:28:27Z

← Older revision		Revision as of 16:28, 16 August 2011
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	Dwolla is one of the methods available for adding funds to an account with some bitcoin [[:Category:Exchanges\|exchanges]]. After irregularities were reported[http://bitcointalk.org/index.php?topic=32142.0], some exchanges dropped Dwolla.		Dwolla is one of the methods available for adding funds to an account with some bitcoin [[:Category:Exchanges\|exchanges]]. After irregularities were reported[http://bitcointalk.org/index.php?topic=32142.0], some exchanges dropped Dwolla.

	Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa<ref>http://www.idob.state.ia.us/public/license/Financesrch/licenseView.aspx?lic=1004589</ref> and provides accounts only to those who bank in the United States.		Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa<ref>[http://www.idob.state.ia.us/public/license/Financesrch/licenseView.aspx?lic=1004589 Iowa Money Transfer Agent Status]</ref> and provides accounts only to those who bank in the United States.

	==Fees==		==Fees==

Tejdhawan at 16:26, 16 August 2011

2011-08-16T16:26:30Z

← Older revision		Revision as of 16:26, 16 August 2011
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	Dwolla is one of the methods available for adding funds to an account with some bitcoin [[:Category:Exchanges\|exchanges]]. After irregularities were reported[http://bitcointalk.org/index.php?topic=32142.0], some exchanges dropped Dwolla.		Dwolla is one of the methods available for adding funds to an account with some bitcoin [[:Category:Exchanges\|exchanges]]. After irregularities were reported[http://bitcointalk.org/index.php?topic=32142.0], some exchanges dropped Dwolla.

	Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa and provides accounts only to those who bank in the United States.		Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa<ref>http://www.idob.state.ia.us/public/license/Financesrch/licenseView.aspx?lic=1004589</ref> and provides accounts only to those who bank in the United States.

	==Fees==		==Fees==
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	==History==		==History==

	Dwolla launched nationwide in the U.S. on December 1, 2010<ref>[http://www.finextra.com/news/announcement.aspx?pressreleaseid=36962 Dwolla goes national with social money platform]</ref>. They reached volume of $1 per week in June, 2011 and then hit a level of $1 million per day just a month later<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref>.		Dwolla launched nationwide in the U.S. on December 1, 2010<ref>[http://www.finextra.com/news/announcement.aspx?pressreleaseid=36962 Dwolla goes national with social money platform]</ref>. They reached volume of $1MM<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref> per week in June, 2011 and then hit a level of $1 million per day just a month later<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref>.

	==See Also==		==See Also==

Jbidder: updates on dwolla and bitcoin

2011-08-01T09:35:24Z

updates on dwolla and bitcoin

← Older revision		Revision as of 09:35, 1 August 2011
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	'''Dwolla''' is an e-commerce business allowing payments and [[:Category:Money_transmitters\|money transfers]] to be made through the Internet.		'''Dwolla''' is an e-commerce business allowing payments and [[:Category:Money_transmitters\|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.		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 transacted frequently on the [[Bitcoin-otc\|#bitcoin-otc marketplace]] and~~ is one of the methods available for adding funds to an account with [[:Category:Exchanges\|exchanges]] ~~including~~ [~~[MtGox]~~], ~~[[Tradehill]] and [[ExchangeBitcoins.com]]~~.		Dwolla is one of the methods available for adding funds to an account with some bitcoin [[:Category:Exchanges\|exchanges]]. After irregularities were reported[http://bitcointalk.org/index.php?topic=32142.0], some exchanges dropped Dwolla.

	Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa and provides accounts only to those who bank in the United States.		Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa and provides accounts only to those who bank in the United States.
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	==Risks==		==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. Payment cards (neither credit card nor debit card) are not used to fund Dwolla accounts thus the relatively common payment card chargeback is not a factor for Dwolla transactions.		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. Payment cards (neither credit card nor debit card) are not 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[http://www.bitcoinmoney.com/post/8067352221/dwolla-allows-chargebacks] 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."

	==History==		==History==

Sgornick: Remove @DwollaX promo which is no longer relevant. Add History section with launch and $1MM milestone.

2011-07-26T23:59:52Z

Remove @DwollaX promo which is no longer relevant. Add History section with launch and $1MM milestone.

← Older revision		Revision as of 23:59, 26 July 2011
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	==Payment Hub==		==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 [http://www.dwolla.com/u/default.aspx?u=812-546-3855 hub page].		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 [http://www.dwolla.com/u/default.aspx?u=812-546-3855 hub page].

	~~==The Dwolla Experiment==~~
	In January 2011 Dwolla started The Dwolla Experiment, a viral marketing initiative. Those following the Twitter account [http://twitter.com/dwollax @DwollaX] are gifted an amount that varies from $1 to $5 Dwollas. Offers to trade Dwolla for bitcoins have appeared on [[Bitcoin-otc\|Bitcoin-OTC]] thus this giveaway was promoted<ref>[http://www.bitcoin.org/smf/index.php?topic=2616.0 Dwolla 1 USD giveway, earn 3.45 BTC]</ref> to Bitcoin users.

	==Risks==		==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. Payment cards (neither credit card nor debit card) are not used to fund Dwolla accounts thus the relatively common payment card chargeback is not a factor for Dwolla transactions.		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. Payment cards (neither credit card nor debit card) are not used to fund Dwolla accounts thus the relatively common payment card chargeback is not a factor for Dwolla transactions.

			==History==

			Dwolla launched nationwide in the U.S. on December 1, 2010<ref>[http://www.finextra.com/news/announcement.aspx?pressreleaseid=36962 Dwolla goes national with social money platform]</ref>. They reached volume of $1 per week in June, 2011 and then hit a level of $1 million per day just a month later<ref>[http://www.dwolla.org/blog/infographic-1mm-per-day-in-transactions-and-counting $1MM per day in transactions and counting]</ref>.

	==See Also==		==See Also==

Sgornick: Add additional exchanges where Dwolla is accepted.

2011-06-22T09:56:36Z

Add additional exchanges where Dwolla is accepted.

← Older revision		Revision as of 09:56, 22 June 2011
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	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.		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 transacted frequently on the [[Bitcoin-otc\|#bitcoin-otc marketplace]] and is one of the methods available for adding funds to an account with ~~the~~ [[MtGox]] ~~exchange~~.		Dwolla is transacted frequently on the [[Bitcoin-otc\|#bitcoin-otc marketplace]] and is one of the methods available for adding funds to an account with [[:Category:Exchanges\|exchanges]] including [[MtGox]], [[Tradehill]] and [[ExchangeBitcoins.com]].

	Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa and provides accounts only to those who bank in the United States.		Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter in Iowa and provides accounts only to those who bank in the United States.
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	==External Links==		==External Links==
	* [http://www.Dwolla.com Dwolla.com]		* [http://www.Dwolla.com Dwolla.com]
	* [http://~~thenextweb~~.com~~/apps~~/2011/01/~~24/move~~-~~over~~-~~paypal~~-~~online~~-~~payments~~-~~just~~-~~got~~-~~social~~-~~with~~-~~dwolla Move over PayPal, online payments just got social with~~ Dwolla]		* [http://www.siliconprairienews.com/2011/06/bitcoin-what-is-it-and-how-is-dwolla-involved-in-its-marketplace Bitcoin: What is it and how is Dwolla involved in its marketplace?]

	==References==		==References==

Sgornick: /* Timeline */ Clarify the timeline on adding sending

2011-06-15T02:01:44Z

Timeline: Clarify the timeline on adding sending

← Older revision		Revision as of 02:01, 15 June 2011
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	===Timeline===		===Timeline===
	When available funds are transferred from one Dwolla account to another, the recipient has access to the funds immediately. If transfer is made where funds must first be drawn from the sender's bank account, the ~~recipient~~ will ~~not be notified of a transaction~~ until the underlying funding transaction has completed~~, a process that can take from two to five business days~~.		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.		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.

Sgornick: /* See Also */ Add entry fro Payment methods.

2011-06-05T08:25:53Z

See Also: Add entry fro Payment methods.

← Older revision		Revision as of 08:25, 5 June 2011
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	* [[Buying bitcoins]]		* [[Buying bitcoins]]
	* [[Selling bitcoins]]		* [[Selling bitcoins]]
	* [[~~PayPal~~]]		* [[Payment methods]]

	==External Links==		==External Links==