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July 21, 2011 / David Bleeker

Dwolla’s social payments surpass $1mm per day

The company has seen itself as the champion on behalf of people everywhere who are stuck using high-fee services such as PayPal or other cards and it has done quite well.

How well? Let’s just say that Dwolla has finally had its hockey stick moment and has now surpassed over $1 million in daily transactions.

The number is significant enough because it’s huge, but it’s likely more impressive because it was barely a month ago that we found out it had surpassed $1 million per month. When you consider that Dwolla is only getting $.25 per transaction (there are no other fees), the company could either be doing quite well for itself or living off of ramen, depending upon how many transactions it takes to reach that $1 million daily mark.

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