Use BookMyEssay:Dwolla API Assignment Help

Dwolla is a cash transaction website that is used for transferring money between businesses or consumers. It is directly connected to the bank account and while you send and receive money it is sent or received directly to your account. If you face difficulty to understand the basic concept of Dwolla API, you can get a clear understanding by availing of Dwolla API assignment help from BookMyEssay. We have hired competent and skilled academic tutors who can help you with the Dwolla API homework writing services that meets your requirements.

Features of Dwolla API

The features are discussed in our Dwolla API assignment writing help. The concept is simple such as ACH payments. It is simple and pure bank transfers. It is versatile regarding ACH payments. It is not just regarding accepting payments but you can do the following:

• Send payments
• Receive payments
• Facilitate payments
• Send and receive payments

User Accounts: The users have to verify their accounts. It provides two options including micro-deposits and instant account verification. Users have to log in to the online banking accounts and verify the information.

Customer Types: It separates the user accounts into three types: Receive-only, verified, and unverified. Receive-only customers offer minimum information and they do not go through any verification process. Unverified accounts can send as well as receive funds. These accounts collect the first and the last name of customers and their email addresses. One party should be verified and they cannot hold balances in Dwolla.

The verified accounts are sub-divided into business and personal. The verified business account may receive and send funds within a limit and the same is applicable for verified personal accounts. In both these cases, customers can hold balances with Dwolla.

Other Features: The other additional features are on-demand payments and recurring payments. The recurring payment is obvious where customers pay every month the same amount. On-demand payments are metered billing where an amount is charged based on usage.

Security: Dwolla keeps the transaction secure in many ways. It provides tokenization. Instead of transmitting real account numbers, here data is encrypted and it is replaced with some other number before sending it to the network. Tokens have limited use and therefore even they are intercepted, the tokens cannot be used again. Many POS systems taking with online credit card processes are implementing it.

The Benefits of Dwolla API

The benefits are highlighted in our help for assignment on Dwolla API. It offers everything that users need for ACH or automated clearing house in an API. Users can receive, send, and transfer funds between the customers and verification is completed instantly

Its admin and dashboard offer an intuitive interface to view the White label integrations. Transfers are possible instantly such as within a single business day. You have a MassPay feature, which processes payments disbursement at once using a CSV upload or a single API request. It can be implemented quickly and the bank accounts can be verified within a few seconds.

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