Pay Out Funds Quickly and Securely
Manual Payments Cost More Than You Think
When making manual payouts, companies often have to deal with inefficient, error-prone and costly processes like paper checks and ACH file transfers, which can delay payments and strain partner relationships.The Benefits of Automating Payouts
Time and Cost Savings Through Automation
Payment automation through Dwolla replaces time-consuming and error-prone manual processes and outdated payment systems. This can save businesses valuable time and resources, improve cash flow and decrease overall payment costs.
- Use A2A payment methods (including instant payments) and automation through Dwolla's API to speed up payment processes, save time and money and reduce manual efforts and the risk of human error.
- Eliminate the tedious task of writing and sending thousands of checks or initiating individual transfers by programming up to 5,000 ACH or instant payouts at a time via the Dwolla API.
Increased Payment Security
Since Dwolla is a tokenized solution, account and routing numbers are stored and transmitted with a token instead of having to pass the numbers themselves every time a payment is sent.
- Increase security by replacing sensitive data with tokens so the data isn’t transmitted when a payment is sent through Dwolla.
- Decrease the risk of sensitive data being intercepted by bad actors.
- Eliminate manual processes to reduce human error and the number of people with access to sensitive data.
Improved User Experience
Dwolla’s white-label solution allows businesses to integrate bank account verification and payouts (including instant payment methods) into their existing application. In doing so, they can control the branding and tailor the customer experience to their users.
- Instantly confirm bank accounts are open and active so users can continue through the authentication and payment flows immediately. No need for users to know their account and routing numbers or wait on micro-deposits.
- Perform the whole payment process in-platform. This speeds up the payment, streamlines the customer experience and decreases the burden on your customer support and operations teams.
- Offer users a variety of cost-effective payment speeds through a single API, including faster payments like Same Day ACH, RTP® and FedNow®, to improve customer satisfaction and experience.
How Payout Automation Works: Moving the Money
Automate your payments in as little as ten days.
Dwolla's full-service approach replaces legacy payments technology with a single solution, improving security, data visibility and the customer experience.