Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Dwolla - Credit Card Alternative?
Old 11-19-2011, 09:40 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 20,460
Dwolla - Credit Card Alternative?

In the 'Die Broke' thread ( Die Broke), there was discussion on credit cards fees being included in the price of things we buy.

This popped up on my Google News page, thought it was interesting. I don;t really understand the underlying 'mechanics' of what they are doing, but it is a flat $0.25 per transaction.

The 28-Year-Old Out to Kill Credit Cards and PayPal

Dwolla - Wikipedia, the free encyclopedia


ERD50 is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-19-2011, 12:26 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
Join Date: Apr 2003
Location: Hooverville
Posts: 22,828
Excellent article; thanks for posting it ERD50.


"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 11-21-2011, 09:33 AM   #3
Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,444
I'm really interested in this. I'd love to see a viable way to provide a little real competition in this area.

Paypal was promising, but they've raised their fees to a level that is just as bad as the credit cards themselves.

The challenge with something like this is getting to a critical mass of users. It doesn't do any good to have a payment method that no one takes.

I buy collectible comics on a comic message board. The users there have been looking for an alternative to paypal for awhile, as the fees add up. Many of us have resorted to mailing checks to avoid the fees, which is a little goofy in this day and age. I've started a thread there asking if anyone would be interested in using Dwolla.
Hamlet is offline   Reply With Quote
Old 11-21-2011, 10:18 AM   #4
Thinks s/he gets paid by the post
JPatrick's Avatar
Join Date: Jun 2005
Posts: 2,548
It's PayPal minus the credit card requirement for the consumer and minus the higher fees for the merchant.
Good for the merchant simply because it save him money. When I was a retailer I would have loved it.
Now I'm a consumer who works the credit card rewards etc to my advantage.
As a result, I'm not interested.
Now someone will come along and say--Hey, the merchants can now lower their prices. Please wake me when it happens.
JPatrick is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
what currency or credit card would you use? frank Other topics 2 09-26-2011 08:55 AM
Looking for a good reward credit card Texas Proud FIRE and Money 19 09-08-2011 10:12 AM
Credit Card for Bonuses and Perks ferco Life after FIRE 28 07-06-2011 06:59 PM
my credit card has been "upgraded" simple girl FIRE and Money 25 06-29-2011 04:38 PM

» Quick Links

All times are GMT -6. The time now is 03:20 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.