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Is Dwolla a competitor to https://www.simple.com/ https://www.simple.com/ ? I'm not sure exactly what their service does - I know it's different than paypal an
by fossuser 15y ago
Is Dwolla a competitor to https://www.simple.com/ https://www.simple.com/ ? I'm not sure exactly what their service does - I know it's different than paypal and google checkout from previous articles. Can you use it to pay at brick and mortar stores like a debit card? It seems like it would only be useful if all merchants already accept it. Am I missing something or can someone explain it to me better?
- thinkcomp 15y agoNo. Simple provides an alternative on-line banking front-end through agency agreements with banks. Dwolla provides a mobile payment service and Bitcoin routing services.
- fossuser 15y agoThanks - so essentially they're just a better digital currency exchange platform? Better pricing and more features, but still have to build up their network of people who accept their transactions?
- thinkcomp 15y agoYes, they're one of our competitors in that space, and everyone faces the same challenge getting started, plus regulatory issues.
- fossuser 15y agoHere's a better description I found somewhat buried: http://help.dwolla.com/customer/portal/articles/87210-what-is-dwolla-how-does-it-work- http://help.dwolla.com/customer/portal/articles/87210-what-i...