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This article was published on October 7, 2013


    Dwolla launches realtime payments in beta, promises new level of convenience with the same transaction cost

    Dwolla launches realtime payments in beta, promises new level of convenience with the same transaction cost
    Emil Protalinski
    Story by

    Emil Protalinski

    Emil was a reporter for The Next Web between 2012 and 2014. Over the years, he has covered the tech industry for multiple publications, incl Emil was a reporter for The Next Web between 2012 and 2014. Over the years, he has covered the tech industry for multiple publications, including Ars Technica, Neowin, TechSpot, ZDNet, and CNET. Stay in touch via Facebook, Twitter, and Google+.

    Mobile payments startup Dwolla today launched realtime payments, which it says has been under development for the last three months. You can sign up for the beta now over at realtime.dwolla.com.

    Not much is known about the feature right now, but Dwolla does make the following promises:

    • It will allow you to buy the things you love, immediately.
    • It will introduce a new level of convenience to the community.
    • It will carry the same low transaction cost.
    • It will introduce some new friends to the network.
    • It will open up the network to new ideas and possibilities.

    The first, second, fourth, and fifth points are rather obvious: realtime means buying and selling much faster, which can be very useful and offer a lot of potential for both new and old players. The third point, however, is the icing on the cake: if Dwolla isn’t going to charge more for this feature, it will be seriously stepping up the competition against PayPal.

    See also – Dwolla raises $16.5M from Andreessen Horowitz to help it scale, double staff and open SF office and US payments startup Dwolla now supports wire transfers

    Top Image Credit: Christa Richert