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Payment Methods

Standard ACH
Standard processing times.

Same Day ACH
Expedite your payments.

Instant Payments
Transfers in near real-time.

 
Features

Digital Wallet
Initiate faster transactions by utilizing Dwolla's Digital Wallet to hold funds.

Dwolla Dashboard
Access and manage your payments data through our user-friendly interface.

Mass Pay
Send multiple bank transfers with a single API request.

Drop-In Components
Complete a payment integration more quickly using pre-built components.

Webhooks
Real-time notifications.

Correlation IDs
Tracking transactions and reconciling bank records.

Addenda Records
Additional transaction information, like a note or memo.

Security

Open Banking Services
Instant account verification, balance checks and fraud mitigation.

Tokenization
Digital interactions result in unique identifiers.

Bank Verification
Smoother, safer, more efficient transactions.

Secure Exchange Solution
Securely exchange data with trusted partners.

Benefits

Sandbox Environment
Simulate use cases and try out features.

Dedicated Support
Supporting your payments journey.

Modernize Outdated Insurance Payments: Embrace Digital Transformation

Outdated payment systems and manual processes plague the insurance industry. Dwolla helps you digitally transform your tech stack, improving cash flow, payment predictability, security, and policyholder experience. 
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BEFORE DIGITAL TRANSFORMATION

Industry Payment Challenges

Traditional payment systems create significant hurdles for insurance companies:

Slow, Inefficient Payments
  • Fragmented payment experiences hinder real-time data access
  • Lack of payment predictability impacts cash flow management
  • Manual processes increase the likelihood of errors and waste resources
Payment Security Concerns
  • Risks of costly fraud incidents and security breaches
  • Potential for reputational damage
  • Erosion of trust between insurance companies and policyholders
Policyholder Dissatisfaction
  • Time-consuming payment processing hurts policyholder relationships
  • Difficulty in tracking and reconciling payments across systems
  • Restricted access to payment data impedes informed decision-making
AFTER DIGITAL TRANSFORMATION

Dwolla: Your Modern Payments Partner

Our comprehensive solution revolutionizes your payment operations, delivering tangible benefits across your business:

Enhanced Payment Speed and Predictability
  • Replace fragmented payment experiences with streamlined A2A payments
  • Accelerate payment processing and fund access
  • Gain real-time visibility into payment data
Robust Security Measures
  • Implement tokenization to protect sensitive data during transmission
  • Reduce the risk of data interception by unauthorized parties
  • Minimize human error through automated processes
Improved Policyholder Experience
  • Seamlessly integrate payments into your existing systems
  • Automate and digitize for a more efficient payment process
  • Create a competitive edge that drives policyholder loyalty and acquisition

Success Story: Insurtech Platform Increases Transaction Volume by 45%

This insurtech company was spending two days each week issuing reimbursement checks to policyholders, which was costing them time and money. By embedding Dwolla’s solution, they automated disbursement processes and increased transaction volume by 45%.

Ready to Transform Your Insurance Payment Operations?

Don't let outdated systems hinder your growth. Embrace the future of insurance payments with Dwolla.
  • Improve cash flow and payment predictability
  • Enhance security measures
  • Elevate the policyholder experience