Warning: session_start() [function.session-start]: open(/home/content/30/7423630/tmp/sess_qa4v2fvcr6vf4ugcjpnfclgvk7, O_RDWR) failed: No such file or directory (2) in /home/content/30/7423630/html/wp-content/plugins/simple-twitter-connect/stc.php on line 33

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/content/30/7423630/html/wp-content/plugins/simple-twitter-connect/stc.php:33) in /home/content/30/7423630/html/wp-content/plugins/simple-twitter-connect/stc.php on line 33

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/content/30/7423630/html/wp-content/plugins/simple-twitter-connect/stc.php:33) in /home/content/30/7423630/html/wp-content/plugins/simple-twitter-connect/stc.php on line 33
Dwolla integration Archive - TransSwipe - Merchant Services and Credit Card Processing

TransSwipe - Merchant Services and Credit Card Processing

Archive for the ‘Dwolla integration’ Category

Creating a New Revenue Stream with Dwolla’s Open API

Why start from scratch when there is so much open-sourced documentation out there for you to work from? I’m talking to you developers. Leveraging another API (rather than starting from square one) can act as an enabler for a broader digital strategy and unlock new revenue opportunities.

Welcome to the API economy. The API economy is “the economy where companies expose their (internal) business assets or services in the form of (Web) APIs to third parties with the goal of unlocking additional business value through the creation of new asset classes,” as defined by Cutter Consortium

Now, consider Dwolla…

The Dwolla API allows developers to build software on top of the Dwolla network—quickly. You can find everything open-sourced on our Github page or explore our developer documentation. Then, you can go build atop the Dwolla network to create revenue for yourself.

Leveraging an API to enable/extend/empower your business model isn’t a new concept—Twilio, for example. However, it’s a missed opportunity if you haven’t investigated the possibility of improving your service through a third party API yet.

Build new revenue streams with these new applications.

Our specialty is helping you build your payments infrastructure, so you can get your money from point A to point B. You can leverage our rails to help you move money for marketplaces, rent collection platforms, and more—we are the go-to for a quick and easy way to integrate bank transfers via ACH. We offer you an  opportunity to build new revenue streams by integrating bank transfers via ACH.

Leverage the capability of the Dwolla API to enable your business model, whether that’s a marketplace connecting buyers and sellers or a platform facilitating payments between two bank accounts. Your business doesn’t necessarily need to be solely focused on the transaction—moving money isn’t the selling point, but rather this selling point is the value add from which you can derive new income.

You’re in control. It’s your autonomous business model, the fees are established by you, it’s your integration.

Developers are building new applications on top of the network.

Dwolla’s RESTful API is here for you to start building atop of. For example, Shift has developed a Visa debit card that allows you to link and spend money from your Dwolla account. A cool concept in itself, but it is also great for a number of other reasons—it’s an exemplary use case of how other developers can tap into the Dwolla network to build products that people need and want.

One developer built a platform for paying out Instagram “creators”—it took him only two weeks to integrate Dwolla and now that business can facilitate payouts seamlessly and profit off of that facilitation.

Tap the power of Open APIs

The idea part is the hardest—finding places of improvement and development or building a new business from scratch. When you have that aha moment, map out your business model and let us help you with integrating bank transfers.The Dwolla API is here, ready to build atop of and create a new revenue stream for your business. Your one step to get started:

  1. Reach out to our integrations team. Describe your payments needs below and explore our ACH transfer API in the meantime.

Interested in learning more? Contact Dwolla

WeFinance Uses Dwolla to Power Affordable Loan Crowdfunding

Sometimes life throws a little more at you than you can financially handle. Perhaps it’s a shift in career or an unexpected family transition that carries a large financial burden. Such situations may require you to apply for a personal loan from your financial institution or other loan provider. Unlike home mortgages, which the bank can lend while using the house as collateral if you were unable to make your payments, personal loans usually don’t require an individual to offer equal collateral. Because of this, personal loans are riskier for banks to issue, and they make up for this by charging high interest rates.

According to Nerdwallet, individuals with good credit may be able to secure a personal loan with a 10% interest rate, but those with fair to poor credit can expect rates to float between 11-36% APR. If you pay back a $10,000 loan with a 36% interest rate over the course of three years, you’ll be paying the bank an additional $6,489.44 on top of the $10,000 that you initially borrowed.

wefinance_logo_hi_res (1)

Leveraging an online crowdfunding model, WeFinance is offering a better way for individuals to secure personal loans, as well as offering contributors a way to make a profit on their contributions.

 

Think of it as loan borrowing without the hassle of applying through a bank, giving borrowers more control over establishing the loan and repayment terms, as well as what percentage rate they are willing to pay. The current rates on loans extended through the platform usually fall between four to ten percent.

Screen Shot 2016-05-04 at 9.24.44 AM

WeFinance encourages borrowers to request loans directly from their own community, using participants’ real identities right from within their personal and extended networks. The benefit of earning interest as a lender is in turn enjoyed by real people that the borrower knows personally, instead of a bank.

WeFinance facilitates the monthly repayments to lenders, with transactions being transferred from the borrower’s bank account to their lenders. In order to build out this desired functionality, WeFinance turned to Dwolla and our White Label API for bank transfers to implement this payment process in a way that fit seamlessly into their user experience.

‘WeFinance (wefinance.co) is a loan crowdfunding platform. We help borrowers save money on existing or new loans by borrowing micro-loans directly from their own community and others who believe in them. Thus, our payment solution needed to be easy to setup and intuitive for our end users, but powerful enough for us to manage suites of loans on our users’ behalf over months and years without requiring them to take action. And, because we’re in the business of saving people money, we can’t accept the exorbitant fees so many platforms charge.

Dwolla white label is the perfect solution for us. There’s no need for users to deal with any external payment accounts, and most of them use Instant Verification to link their bank account in seconds. Then, we can easily manage loan payments for them with Dwolla’s API, and transmit repayments back over time to each individual lender, whether it’s a $25 loan or $2500, without all the savings getting sucked up in transaction fees.’

Eric Mayefsky, CEO and Lead Developer, WeFinance

eric_mayefsky_wefinance

Could your platform benefit from implementing a flexible bank transfer solution that fits inside of your user experience? We’d love to help you design a tailored payment solution that suits your needs.

Get started with your own integration

We’ll help you design your ideal payments experience.









Loading...

Thank you

A Dwolla representative will reach out to you within one business day.

Sorry

There was an error and your the form was not submitted.

Common White Label Bank Transfer Integration Questions

1 . What parts of Dwolla do my users need to interact with?

For most of your users, we will require that they accept Dwolla’s terms of service and privacy policy when they create a customer record. However, since your customers will create their records within your interface, you can do this in a few ways. The Dwolla TOS and privacy policy language can be accepted in a separate flow or in a combined flow with your own terms of service when they are completing record creation.

Exception: White Label Receive-Only Customers

Customer records created in a receive-only capacity (they will never need to send payments), will not be required to agree to Dwolla’s terms of service or privacy policy, but you will need to add a few lines of Dwolla-provided language into your TOS to give us authorization to originate payments on their behalf.

2. If my user has a Dwolla account, does that affect my WL integration?

If you have users that already have pre-existing Dwolla accounts, they will not be affected when becoming White Label users of your application. We have built our White Label solution in a way that keeps partner integrations and their corresponding ecosystems separate. However, if you are a current Dwolla partner with a pre-existing user base built on Dwolla, we have a way for you to programmatically transition customers over to your White Label application.

3. Do I have to send emails to my customers when I facilitate payments?

In most cases, we require that you send emails to your users in regards to their payment status. For users that are verifying their financial institutions using our micro-deposit or instant account verification software, as well as those that will be sending funds in your system, we require you to put in place email communications that satisfy Reg E and other regulatory requirements. Sending these emails is not only legally required but also an essential part of providing quality customer service and establishing valuable touch-points with your customer. Design the tone, look and feel of your emails in a way that accurately reflects your brand, while leveraging our webhooks to send these communications automatically.

4. What kind of reporting do I get?

We have an extensive series of webhooks that you can utilize to pull your own custom reports. We are actively in development of a dashboard for White Label partners in which reporting on customers and transactions will be displayed, so stay tuned.

5. What kind of information do I need to collect from customers?

For customers that will be sending funds:
At a minimum, you will need to collect the customer’s full name and email address. You also will need to verify customers’ bank accounts. We provide both instant account verification (IAV) and a micro-deposit method for verifying bank accounts within our White Label solution.

For customers receiving funds only:
At a minimum, you will need to collect the customer’s full name, email address, and a parameter of “receive-only.” You will connect a bank account associated with that customer by providing both account and routing number.

What if I want to use my own bank verification software?

The Dwolla White Label API is flexible and works easily with other software providers you may already have in place. If you have established your own bank verification software, such as Plaid or Yodlee, you can utilize their services to verify bank accounts instead of implementing our bank verification processes. However, we will ask to see evidence that this software is in place and being utilized appropriately.

Integrate our White Label payment solution right into your own platform’s user experience, and start facilitating bank transfers to, from, or between your users. Contact us today and let us help you design a payment solution that fits your needs.

Get started with your own integration

We’ll help you design your ideal payments experience.









Loading...

Thank you

A Dwolla representative will reach out to you within one business day.

Sorry

There was an error and your the form was not submitted.

Real Estate Marketplace Integrates White Label Bank Transfers

When you think of crowdfunding, chances are you think of sites like Kickstarter or GoFundMe—used for everything from launching entrepreneurial ideas to helping finance a much-needed vacation.

However, to Charles Clinton, he saw crowdfunding (and the development of the JOBS Act) as a chance to open up the private real estate investing market to the public. As a real estate lawyer who worked primarily for large private equity clients, he saw how large the opportunity was first hand and was determined to build the technology and the marketplace to facilitate such investments. After teaming up with Mission Capital, a real estate financial advisory firm, and rounding out his talented executive team, Clinton launched EQUITYMULTIPLE.

em_logotype (1)

Unlike investing in someone’s new craft brewing equipment, EQUITYMULTIPLE brings a completely different paradigm to crowdfunding. EQUITYMULTIPLE connects commercial real estate developers with individual accredited investors.

Commercial real estate (CRE) has been a notoriously difficult industry for individual accredited investors to break into. EQUITYMULTIPLE is democratizing the real estate investment space by functioning as a financing marketplace—connecting smart development projects with individual accredited investors across the country.

For investors, EQUITYMULTIPLE is the doorway into an industry traditionally characterized by strong, reliable returns, and insulated from the volatility of the stock market. The platform makes it simple to build a diversified portfolio of thoroughly vetted projects, many of which would have been unavailable to individual investors had they not belonged to a large real estate group.

In turn, those raising capital for projects get access to a much deeper and more diverse pool of investors, thanks in part to Mission Capital’s extensive network of investors. EQUITYMULTIPLE provides a streamlined, singular point of contact to manage investor interactions and updates, as well as various funding options—online fundraising, and traditional debt and equity financing.

Screen Shot 2016-04-04 at 4.46.47 PM

The team at EQUITYMULTIPLE undertook the heavy task of building one of the first CRE investing marketplaces of its kindand succeeded.

When they needed a way to seamlessly and programmatically payout returns to investors through the platform, they went in search of a bank transfer API that they could bake into their user experience.

Peter Shankar, EQUITYMULTIPLE CTO, saw Dwolla’s API for White Label bank transfers as the solution.

We chose Dwolla because of their strength in compliance, capabilities in the white label payments space, and attention to detail in the scoping process. From implementation to deployment and ongoing support they’ve been one of the best vendors to work with, and they really align to our processes, and make themselves highly available. The tech stack is evolving, and we’re able to work hand in hand with great engineers to get the most out of our integration. Best of all, we see our customers more engaged with our product. As a solution, Dwolla has been ideal for us in implementing a closed loop investment process.”

Peter Shankar, EQUITYMULTIPLE CTO

Peter Shankar

Dwolla’s White Label API plugged right into the EQUITYMULTIPLE platform to power bank transfers for the marketplace without disrupting the investment process, while meeting the service and compliance standards required of a payments partner.

Launching your own company, or needing to improve or automate your current payments process? We’d love to help you design your own bank transfer solution.

Get started with your own integration

We’ll help you design your ideal payments experience.









Loading...

Thank you

A Dwolla representative will reach out to you within one business day.

Sorry

There was an error and your the form was not submitted.

Building your own ACH solution vs. Building with Dwolla White Label

fintech-1 copy

ACH is cheap—at least that’s what you’ll find when you Google for cost comparisons of facilitating bank transfers versus processing credit cards. However, while the transaction itself can cost mere pennies, what does it really take to get up and running with ACH for payments?

While the inexpensive per transaction cost of ACH is the siren call that draws many businesses and developers to the network, its complexities and traditional inflexibility are fraught with hidden costs and requirements that often drive hopefuls away. When you have a product you want to share with the world, you don’t want to spend tedious months building your own ACH payment solution as well.

Building your own ACH solution

One of the most common do-it-yourself solutions requires you to work with a commercial bank’s interface, uploading a CSV file that contains a batched deposit amount with beneficiary account details. Customer and bank verification is a must—and it’s on the business to handle.

Bank account verification can usually be accomplished by making micro-deposits in the customer’s account. For any miskeyed or inaccurate account numbers, error notifications will be generated. You’ll need these to be collected each day, and customers must be notified in order to resolve the issues. Finally, if you are going to handle bank information in the slightest you’ll need to understand SSL and how to properly encrypt your customer’s data.

On top of that you have to handle ACH rejection codes, fraud mitigation, suspicious activity reports, etc.

Do you have the staff to support building and maintaining your own ACH infrastructure, as well as the capacity to expand upon additional feature sets when your customers ask for them?

Dwolla White Label

Dwolla has been working on innovating the way that businesses and developers interact with the ACH network for the past five years. We’ve built a White Label API that allows you to design your ideal ACH solution, with consultative support from our payments professionals and developers each step of the way.

5 Reasons to choose Dwolla for your ACH payments integration:

1. Easy to integrate

The Dwolla API comes with clean documentation and developer resources, as well as an easy-to-use sandbox testing environment. Dwolla plays nicely alongside any existing payments technologies you’re utilizing today.

2. Customize the experience

Enable bank transfers for your application that look and feel like your brand. From account creation to payment notifications, design the ideal end-to-end payments experience for your customers with our White Label API.

3. Security matters

We built our platform with security in mind. Let us help you manage the complexities of compliance, so you can focus on what really matters.

4. Get to market faster

Cut your implementation to a fraction of the time without cutting corners. Our team of payment experts and developers will help you build programmatic payments into your platform so that you can get to market faster.

5. Predictable costs

We don’t charge a per transaction fee, we simply work with you to determine a flat monthly-rate for your custom ACH solution. Paying partners will receive priority support and access to industry professionals every step of the way.

Leverage our team and the Dwolla White Label API to get your own reliable payment experience baked into your platform or application, without needing to hire your own team of in-house payments experts.

Get started today.

Bank account verification and transfers in just a few lines of code

dwolla.js-final

By dropping in a few lines of code, you can now power bank account verification and transfers on your platform as a user of Dwolla’s White Label service.

<head>
  <!-- Include dwolla.js on your page -->
  <script src="https://cdn.dwolla.com/1/dwolla.js"></script>
</head>

 

Within seconds, your White Label integration can access Dwolla’s Instant Account Verification process through dwolla.js. Your customers simply select their bank, log in with their bank credentials, link the bank account they’d like to use and they are on their way to quick and easy payments inside your application.

<script type="text/javascript">
$('#start').click(function() {
  var iavToken = '4adF858jPeQ9RnojMHdqSD2KwsvmhO7Ti7cI5woOiBGCpH5krY';
  dwolla.configure('uat');
  //Call function to start/render IAV in the container specified
  dwolla.iav.start('iavContainer', iavToken, function(err, res) {
    console.log('Error: ' + JSON.stringify(err) + ' -- Response: ' + JSON.stringify(res));
  });
});
</script>

 

Not a Dwolla White Label partner? With the release of dwolla.js, you still have the option to securely pass your customer’s account number and routing number to our Funding Sources endpoint without them ever hitting your server. This provides you the peace of mind that your customers’ information is safe while getting set up on your application, and allows you to send payments to that customer.

<script type="text/javascript">
$('form').on('submit', function() {
  dwolla.configure('uat');
  var token = 'Z9BvpNuSrsI7Ke1mcGmTT0EpwW34GSmDaYP09frCpeWdq46JUg';
  var bankInfo = {
    routingNumber: $('routingNumber').val(),
    accountNumber: $('accountNumber').val(),
    type: $('type').val(),
    name: $('name').val()
  }
  //Call function to attach bank account using form values
  dwolla.fundingSources.create(token, bankInfo, callbackHandler);
  return false
})

function callbackHandler(err, res) {
  $div = $('<div />')
  var logValue = {
    error: err,
    response: res
  }
  $div.text(JSON.stringify(logValue))
  console.log(logValue)
  $('#logs').append($div)
}

 

This is a breakthrough for making bank transfers accessible and flexible for businesses and developers everywhere.

Go use it

Interested in building with our Dwolla white label solution? Chat with an integration specialist.

BlueZebra Sports: delivering payouts for college officials

BlueZebra Sports logoIn a single college football game there can be up to eight referees on the field—and that’s just the refs. This number doesn’t account for the other officials and staff that help keep the game running. Now consider college game-day, every Saturday in the fall hundreds of referees, umpires and other officials don their black and white stripes and head to the field.

Managing and coordinating the officials in sports is no easy feat, but software company BlueZebra Sports has built a platform that major collegiate conferences consider their go-to for everything from scheduling to paying employees.

About BlueZebra Sports

If you’re watching a game, most people don’t think about the referees unless a call doesn’t go their way. Refs just show up and do their job, but ensuring this happens is no small task.

BlueZebra has been in the game for over thirteen years, empowering schools of all sizes—from your hometown high school to division 1 universities—to take hold of all things related to managing officials. Its user-friendly platform boasts easy-to-use technology for officials and administrators alike.

With over 4,000 college officials in the system, BlueZebra provides its clients with a holistic solution for managing and paying a less-than-traditional lineup of staff.

The problem they faced:

BlueZebra needed a cost-effective payment integration to ensure referees were paid in a timely, secure and efficient manner. Since collegiate athletic conferences are generally non-profit, BlueZebra needed to find an easy-to-use solution for staff payouts that would land funds directly in their bank account.

Sports officials are independent contractors, and are typically paid directly by the schools or by the conference. We were looking for a way to make payments as easy as possible for officials and for school/conference personnel.”

Bradley Batt, Founder and CEO

Brad BlueZebra Sports headshot

When looking for a payouts provider, BlueZebra needed a partner that could be as flexible and customizable as its software was. Additionally, it needed to offer quick payouts and display information about transactions. Since the platform is often tailored for each client, the payout integration needed to cooperate.

Their solution for payouts:

BlueZebra found an ideal payment partner in Dwolla. With a flexible, open API backed by top-notch developer support, BlueZebra was sending payments through Dwolla within two weeks.

Today, BlueZebra facilitates millions in payouts annually to thousands of college officials using Dwolla’s powerful ACH-based bank transfers.

review-games-screenshot

The process is as follows:

  1. A conference manager logs in to BlueZebra’s customized portal for their given athletic conference.
  2. They head over to the ‘Pay officials’ tab and select a date range.
  3. Based on the date range, they can select the officials they would like to pay.
  4. Payment is processed by Dwolla and the funds are routed to the officials connected banking account.

“The reason we decided to use Dwolla is that it fit perfectly with making things easy for officials. To get paid, they enter their bank account information in Dwolla, and then they can get paid. It’s also easier for our conference clients; they connect a bank account and make payments directly from their checking account—no managing wire transfers or ACH deposits into a third party account before being able to pay officials. Finally, Dwolla’s support has been fantastic, both for our officials and for our administrators who manage the payments.“

Jeff Wigal, Founder and CTO

Jeff Wigal head shot blue zebra

BlueZebra’s slick integration makes payouts to staff members simple to follow and painless to get up and running. Now conferences are able to make payments as frequently as needed without concerns of timing or excessive cost, and see information conveniently in one place.

To integrate your own solution for better payouts, let’s get started!

Read out to Learn more, blue

How Shift Payments Built a New Revenue Stream with Dwolla’s Open API

https://shiftpayments.com/

The Dwolla API allows developers to build software on top of the Dwolla network, quickly. Shift Payments and their Shift Visa Debit Card, is an example of this—a great product built on the Dwolla API that solves a real problem.

Shift has made it easy to spend money through Dwolla, anywhere VISA is accepted.

Shift has developed a Visa debit card that allows you to link and spend money from your Dwolla account. A cool concept in itself, but it is also great for a number of other reasons—it’s an exemplary use case of how other developers can tap into the Dwolla network to build products that people need and want. Shift’s work makes it possible for you to spend your Dwolla funds on Amazon, Etsy, or anywhere else that accepts VISA payments.

Developers are building new applications on top of the network.

Using the Dwolla API, Shift developed a Visa debit card that lets you link your Dwolla account to the Shift application. An end user simply downloads the Shift app for iOS or Android to apply for the card, pays a $10 issuance fee, and uses the app to link their Dwolla account.

Build new revenue streams with these new applications.

Our specialty is getting money from point A to point B and Shift has built a product, and a business, on providing value to members of the Dwolla network by solving a problem that’s complimentary.

Shift built a great experience for customers.

Anyone who gets a Shift card can spend money in their Dwolla balance or from their available credit (if using Dwolla Credit) anywhere VISA is accepted. The Shift card makes spending money in the Dwolla network easy.

Shift has solved a problem for a clearly defined audience. They used an off-the-shelf API and built something great.

Check out the experience at shift

Download Shift for iOS
Download Shift for Android

Startup Crush: PaySAFE, smarter security to protect buyers and sellers

Working at Dwolla provides many perks, such as seeing old friends launch startups and discovering new companies creating beautiful products, simple services, or better processes. We can’t help it—we have startup crushes.

PaySAFE

Users long for confidence in their payments. They look for a protected transaction. One way to ensure this confidence is to enlist the help of a third-party. Meet PaySAFE, an online escrow service that protects against fraud and scams for buyers and sellers.

We’ve all  heard tales of online rip-offs and cons. With PaySAFE, users are ensured that the seller is delivering on their promise and vice versa—if the product doesn’t come through, your money is returned.

Both parties are protected from product fraud and uncollected accounts receivable. There’s peace of mind in knowing that the online transaction history is being tracked properly.

“Escrow payment terms are a low cost alternative to expensive letters of credit for businesses buying and selling with unfamiliar parties.”

Matt Medlock President, PaySAFE Escrow, Inc.

PaySAFE outlines a host of exchanges which its service is perfect for, from livestock to high-price jewlery and other big-ticket items. Further, PaySAFE promises 100% confidence; you’ll be hard-pressed to find another offer with that level of guarantee.

Built with a backbone of knowledge

With over 20 years of banking experience, PaySAFE’s founder saw value in providing a way to buy online auction items safely.

“PaySAFE was born to provide an online “Do-it-Yourself” check out platform. Individuals and businesses close online trades with proper documentation, track communication history and transfer funds safely.”

Matt Medlock President, PaySAFE Escrow, Inc.

How it works:PaySAFE work flow

With PaySAFE you get smarter security to protect your business. To start, create an account. After account creation, each transaction follows a similar pattern.

The transaction is initiated by either the buyer or the seller through PaySAFE. After the transaction is created, both parties agree to the terms of the transaction. For example, if you’re buying a used car through PaySAFE, conditions may specify a date of ownership transition.

After both parties agree to the terms, the payment is sent to PaySAFE where it’s held until the goods are delivered. After the goods are delivered and the buyer confirms this fact, the funds are kicked to the seller and everyone leaves happy.

PaySAFE Escrow Dwolla

The value of security

Payments are changing which means security must change right along with them—for consumers PaySAFE is one way to ensure security in e-commerce while maintaining the value of transferring funds quickly online.

For PaySAFE—or any application—integrating Dwolla as a payments option is also a strategic, secure choice. Dwolla has a dedicated team closely tracking transactions, helping manage the complicated world of security and compliance while monitoring for threats of fraud.

PaySAFE’s escrow model is an added layer of security, protecting both party’s initial transactions until trust is built and payment terms can be negotiated.

Confidence is key for moving money today, and PaySAFE wants to help ensure this confidence. That’s a value add for both the buyer and the seller; that is why they’re our startup crush.

Homehey: Property Management Portal, Accepts Dwolla

You need a place to live. It’s a no-brainer. But how do you find that next home? How can you find a landlord that you actually want to ask to check out your lighting problem? The answer is HomeHey, a new, free real estate marketplace connecting property managers, realtors, and future tenants.

HomeHey for TenantsHomeHey is empowering people to make better decisions when it comes to choosing an apartment by giving them a portal to peruse and inquire about listings. For landlords, HomeHey serves as a secure, interactive platform that allows them to manage everything from individual tenants to rental payments.

What’s in it for the tenants?

Like most rental platforms, tenants are able to browse listings, as categorized by location, specs and price range. What makes HomeHey unique is their feature for rent bidding. If you find the listing you like, you have the opportunity to compete for it using HomeHey’s “Bidrent” offering.

Additionally, HomeHey  provides landlords with the ability to accept online payments—no more mailing checks. To make it ever easier, you have the option to pay for your monthly rent charge via Dwolla, so the payment is taken straight out of your connected bank account.

Rental Payment for Tenants

Through HomeHey, the renter can track their current and upcoming payments. Even more convenient is the ability to request and track service requests with the landlord online to ensure prompt and efficient service.

Leasing Service

What’s in it for property managers?

As a free software, HomeHey performs many of the functions required of property managers. First, you’re able to list a variety of properties in one place, provide a cost and description, and track how that listing is performing.

Property management system

Within HomeHey’s platform, realtors and property managers can view rental applications and qualify their potential renters using their social tenant screening system. HomeHey uses Facebook and LinkedIn in the application process so screening is a breeze and tenant acceptance is improved.

Most convenient: HomeHey’s ability to collect and manage rent payments online. They’ve built Dwolla right into their system so landlords don’t lose income to credit card transaction fees or valuable time processing paper checks.

Read More: The Cost of Checks in Small Business Payments

Property Management System

HomeHey also has the ability to generate reports for tracking purposes, so all the moving pieces stay where they belong.

HomeHey was built in partnership with Dwolla’s open API as an easy-to-use tool for property managers and the tenants they serve. Visit HomeHey.com to try it out or head to our Developers Portal to get started with your own Dwolla integration.

 

©2017 TransSwipe

 


Warning: Unknown: open(/home/content/30/7423630/tmp/sess_qa4v2fvcr6vf4ugcjpnfclgvk7, O_RDWR) failed: No such file or directory (2) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0