AccountingSuite enhances it's integration with Dwolla to speed transaction times and lower payment costs.
AccountingSuite users can pay vendors and suppliers through Dwolla, and can request customer payments through Dwolla.
Dwolla money transfers are made on the internet in real-time. Once funds are in the Dwolla network, payments are available to vendors instantly. Vendors also have the option to withdraw funds to connected bank or credit union account, in as little as one business day.
The cost of a Dwolla payment is 25 cents per transaction, or free if the transaction is ten dollars or less. A research by the Aberdeen Group estimates that each paper check costs a company $7.15 cents. For AccountingSuite customers writing 1,000 paper checks a year, paying through Dwolla saves $6,900 or more.
Dwolla is an independent payment network that allows companies and individuals to pay each other directly. This avoids the high fees of money transfers, bank payments and credit cards.
“Dwolla is a terrific bonus for our users, because they can keep and reinvest more of their cash instead of paying it out in bank fees,” said Kurt Kunselman, Co-Founder of AccountingSuite. “Every day we are working to make accounting easier and less expensive for growing companies. With this integration, our users can simply create a payment form for a vendor’s bill, then click the pay-with-Dwolla button or get paid with Dwolla by generating invoices with pay-with-Dwolla button.”
AccountingSuite customers can pay vendors and suppliers, or accept payments from customers, through:
- Dwolla’s payment network
- Stripe credit card processing
- Coinbase bitcoin wallet
- 6,000 banks, credit unions and credit card institutions
View full press release here