Dwolla launches MassPay - Free Bulk Payments

http://blog.dwolla.com/masspay-launces-with-10-new-partners/

by mschonfeld • 14 years ago

73 23 14 years ago

blog.dwolla.com

Does anything else like this currently exist? If so, I can't think of it off the top of my head.

mschonfeld4• 14 years ago

There are a few services like this out there, but they use the "old rails" (e.g Paypal, ACH, etc), and they charge fees per batch, as well as per transaction. So yes, there are similar things, but all of them are wildly more expensive...

buro92• 14 years ago

With email? Not that I can think of.

But with regular payments? Yes, most UK banks offer batch payment facilities to business customers in the form of a CSV interface.

It's how a lot of wages are processed. The wage/accounting tool produces a batch payment file, and the bank just processes it.

mschonfeld4• 14 years ago

If only the US banking system was as advanced as Europe's...

Ataub243• 14 years ago

Yea there are things- like Checks, Paypal, ACH, and others. We tried to build the cheapest and easiest thing possible to help merchants pay out.

jcampbell12• 14 years ago

Paypal MassPay is what everyone already uses. %2 transaction fee, capped at $1. Dwolla is a bit cheaper, but the price difference is meaningless in most cases. This just brings Dwolla closer to feature parity. I pay about 100 people using the paypal masspay api every quarter, and I wouldn't even consider allowing Dwolla unless they had this feature.

mschonfeld4• 14 years ago

Paypal only lets you send in up to 250 rows, right? We've set that to 2,000 - and also uncap it for trusted users... At 250 records, the fee difference might not be much, but at 2,000 - it can quickly add up to a nice sizable sum, don't you agree?

forcer• 14 years ago

Paypal Masspay has been discontinued. If you don't have that facility already enabled, you cannot make mass payments

See this email from paypal when we tried to enable it: ------------------------------------------------------ Thank you for contacting PayPal regarding mass payments.

Mr X the mass payment facility is no longer available, the information is kept on the web site, purely for the benefit of customers who have already had this facility activated.

I apologise for any inconvenience that this may cause.

brianbreslin• 14 years ago

Is this limited to US-US payments?

Ataub243• 14 years ago

Yes. US only.

dmix• 14 years ago

I like to remind Dwolla about Canada once in a while on twitter. I never get a response though.

zacharycohn• 14 years ago

Are there plans to open this up worldwide in the future? (and if so, do you have a non-committal, handwavey estimate of how far in the future? A few months/a lot of months/a few years/a lot of years?)

Dwolla launches MassPay - Free Bulk Payments

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