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I tell you, Dwolla is going to disrupt VISA/MC in serious ways.

• jonursenbach 14y ago
  How so?
  • jarcoal 14y ago
    Low fees & convenience, I suppose.
  • bgilroy26 14y ago
    The idea is that the reason that gas stations and convenience stores keep adding cash discounts is because they are getting fed up with how much money they are losing based on the widespread use of plastic instead of cash. Dwolla charges a flat fee of 25c per transaction as opposed to credit which is like 2 or 3 percent. If you are at someplace expensive like REI or something and you buy $300 bucks worth of stuff with a credit card, REI gets a $9 bite taken out of it, which adds up when it's compounded thousands and thousands of times.