Dwolla is an e-commerce business allowing payments and money transfers to be made through the Internet.
A Dwolla account can be funded with electronic debits from a bank account or by receiving a money transfer from another Dwolla member. Funds in a Dwolla account can be withdrawn to a bank account or by sending a money transfer to another Dwolla Member.
The fee for transferring money to another Dwolla member is a fixed $0.25 per transaction. The sender can choose to pay the fee or to have the fee deducted from the amount sent.
Dwolla Corp, located in Des Moines, Iowa, is registered as a money transmitter and provides accounts only to those who bank in the United States.