The agreement will enable the company’s ChargaCard payment app, which is in private beta test mode through May 1 2018, to utilise Dwolla’s functionality.
ChargaCard’s online platform facilitates the creation of direct credit arrangements between merchants and customers and bypasses expensive third-party financial institutions and debt collection agencies. The solution can help merchants recover past-due invoices and provide customers with flexible payment plans with zero percent interest rates.
Merchants using the ChargaCard app will have the ability to pay a 1% payment-processing fee, instead of the 3% plus fee typically associated with such transactions.
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