@jsinghdreams Dwolla is comparable to PayPal in the fact that a user has to have a Dwolla account and link bank accounts to that Dwolla account before doing anything with their Dwolla balance. SynapsePay white labels all of that so that users don't need to worry about having another account somewhere else. For example, if we used Dwolla at @EquityEats, we would have to tell our users to go make a Dwolla account and come back to our site after they've funded that Dwolla account, whereas with SynapsePay the user can just enter their banking credentials straight away and be done.
Thanks @miles_matthias.
In short: we are a completely white-labeled payment solution, so customers don't have to create an account with us. Instead they just login to their bank account on your website/application and make a payment.
We use this for our crowdfunding platform, EquityEats, and have been happy with their support. Anyone that has dealt with ACH knows that it's a pain, but SynapsePay makes it easy - and at a flat rate of 25 cents a transaction!
They started in Memphis, moved to SF a while back, and are making lots of progress!
I also release their initial ruby client for their API (which I still use and maintain although they've since released official clients): https://github.com/milesmatthias...
Hey Product Hunters, I'm Sankaet, Founder of SynapsePay.
We're a white-labeled API for sending & receiving funds between bank accounts. We currently support ACH payments and domestic wire transfers in the US.
Happy to answer any questions!
StartupCTO.io 22 – Jud Valeski
SynapsePay
StartupCTO.io 22 – Jud Valeski
SynapsePay
Instant Vitals
SynapsePay