Effortless Payment Automation

Dwolla’s automated payments leverage the ACH Network, FedNow® Service and RTP® network to help move money between bank accounts. Businesses can automate processes like initiating transactions and recurring payments, handling returns and reconciling payments.

To initiate a pay by bank payment, use Dwolla’s API to create customer records for the payer and payee. You can attach bank accounts to each customer record through open banking and then use Dwolla’s API to create a payment transfer between those customers. This initiates the movement of money from the payer’s bank account to the payee’s. Dwolla provides real-time status updates via webhooks throughout the entire process, including when a payment is initiated, pending, processed or fails.

Additional Automations & Optimizations Through Dwolla:

• Automate recurring payments, like subscriptions or loan repayments, by using the API to create a scheduled payment. You can also automate payment reminders to customers.
• Handle returns proactively with webhooks. Receive instant notifications and trigger automated actions in your system, such as updating customer records, retrying payments or initiating alternative payment methods – all without manual intervention.
• Improve reconciliation processes, streamline your back-office operations and reduce manual effort by attaching a correlation ID to each payment.
• Leverage those correlation IDs to automatically track payments, match transactions across systems and even close out open accounts receivable entries.
• Handle high-volume payouts without adding payment processing headaches by using Dwolla’s Mass Payments API. Send thousands of payments simultaneously while our API provides the infrastructure you need to scale your business.