With MassPay, Dwolla Takes On PayPal By Offering Lower Fees, Support For More Recipients


Following a recent partnership with mFoundry which saw digital cash network Dwolla introducing more tools for banking partners, the startup is on the move again with the launch of a new service designed to encourage adoption among business customers. Called “MassPay,” Dwolla’s latest addition offers businesses a faster and simpler alternative to check-writing and wire transfers, by allowing them to pay up to 2,000 people at once.

As of launch time, Dwolla has lined up 10 partners who have agreed to integrate MassPay into their current business practices. Many of these are startups, like parking space rental service Parking Panda, which will use MassPay to pay its own partners (garage and lot owners). Meanwhile, social car-sharing service Getaround will use the service to pay car owners, Flashnotes will use it to pay note sellers, and Fancy Hands will pay assistants, to name a few. Other partners include Major…

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