Friday, March 4, 2011
Dwolla Spots Supports Mobile Payments at Retail Locations
Dwolla "Spots" enables mobile payments for goods and services at retail locations using their mobile devices. Dwolla charges a flat transaction fee of 25 cents per transaction.
To pay a brick-and-mortar merchant, a Dwolla user selects the Spots tab from within Dwolla's mobile application, finds the business on a location-based map, and enters the transaction amount. The funds are sent immediately to the merchant.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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