How do I set up my Payments powered by Dwolla account?
When you come to Dwolla Payments to register, you will be given a choice of two types of accounts: Free standard and Advanced.
Note! Your Landlord must set up the Dwolla payment option first and connect you for you to be able to set up a Free standard account.
When you choose a Free standard account, you will be asked to enter basic information such as first and last name and email address. Your account will be able to fulfill ACH payment requests and receive money from landlords and property managers registered within the system.
With a Free standard account, there is no setup fee, each transaction has a default limit of $5,000 per week, and U.S. Bank is required.
When you choose an Advanced account, you will be asked to enter basic information as well as to provide your Social Security number and US government-issued ID. Your account will be able to fulfill ACH payment requests and receive money from landlords and property managers registered within the system.
With an Advanced account, there is no limit to the number of transactions you can complete each day, each week, or each month; there is a limit of $10,000 per transaction, and there is a $2.99 one-time setup fee.
Please note! The $2.99 setup fee is non-refundable.
Next, you will provide your contact data, Social Security number, and address information.
Please note! If you choose an Advanced account, you will be required to provide your Social Security number and a US government-issued ID. Dwolla uses your Social Security number to verify your identity through a general public records search. If you do not have a form of US identification, it is very likely that there is not enough public information available to verify your identity. Dwolla is only available to users in the US, so some form of US identification is necessary.
Double-check that all the entered information is correct to avoid account suspension.
Please note! If you have a Free standard account and you would like to increase the limit to $10,000 per one transaction, you can upgrade your account to Advanced at any time by selecting "Verify account".
Watch the video guide to learn more:
After successfully creating your personal customer account, you will need to add and verify a bank account. After you’ve completed this step, your Payments powered by Dwolla account will be able to fulfill payment requests and receive money from personal and business accounts.
Mar. 28, 2022