Compare Payment Gateway Fees [PayPal, Square, Dwolla, etc]
paymentsystemfees.com
paymentsystemfees.com
> Since I started working at Dwolla it became clear to me that payment fees are really confusing. I put this calculator together so people could easily understand how different payment system fees compare.
To have this tucked away on the little "about" page that it's being ran by someone with a connection to one of the companies listed seems wrong. If this was presented as a tool from Dwolla then sure, that's fine, the bias is made clear at the start, but to masquerade as independent isn't okay.
Even if the intentions are 100% pure this is still an advert for Dwolla from Dwolla (each employee represents the company) and not making sure every viewer understands that is wrong. Not to mention Dwollas pricing structure is so that you can never not have Dwolla as #1 in this...
I understand where you're coming from, but again, the whole point was to try and stay neutral.
Did $100 average per transaction + 500 transactions annual (made up numbers) and I got the following fees PER TRANSACTION:
$125 | $1375 | $1600 | $1850
That's clearly not right...
Also it does not seem to be taking into account Paypal's volume discounts:
Doesn't seem to be taking into account the volume discounts.
As a potential customer, the more significant barrier is customers not knowing what Dwolla is therefore not making a purchase.