Overview: Send money to your users
In this guide, we’ll cover the key points of transferring money:
- Create a receiving customer for the funds
- Associate a funding source (bank or credit union account) with the customer
- Transfer fund to a customer’s linked account
Before you begin
You need to have a Sandbox account already set up.
Choose the experience you want for your customers
Dwolla offers two different paths for you to onboard your customers onto the payment platform. If you want to keep Dwolla in the background, choose our white label solution. Or if you’d like to tap into Dwolla’s co-branded OAuth experience, select Dwolla Direct. Contact sales for information about pricing for each option.
Regardless of which option you implement, the first step is to onboard recipients for your transfer, along with ensuring a funding source is added where money will be sent. Dwolla’s branded experience prompts your recipients for their bank or credit union account information. Otherwise, if you choose to implement the white label solution, your application will need to capture the recipients bank account information to pass through to Dwolla for secure storage.
Next step: Choose your onboarding experience
After this step you will be directed back to step 2 where the remaining process is the same.
Financial institutions play an important role in the Dwolla network.
Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.