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On Thursday, March 27, Dwolla announced that they had partnered with domain registrar GoDaddy to offer a new e-invoicing system. Dwolla, if you have never heard of the Des Moines company, is a payment processing company, similar to PayPal but with a few major differences.
“We were created to cut out the credit card fees, and to build a brand new cash-based network….we have a 25¢ fee for all $10 all the way to $10,000, and transactions under $10 are completely free.”
Square Cash allows users to send payments without any transaction fees to individuals through email. Although this is an awesome feature, Square was far from the first with such an offering. The media, however, would have you believe that this is the most groundbreaking mobile payment feature ever conceived. We cut through the hype and examine some of the alternatives.
