By: Caitlin,

Recently, a new movement was launched called  Small Business Saturday. The idea is to tack on to the Black Friday and Cyber Monday mania, encouraging holiday shoppers to shop at locally-owned small businesses.

We believe in small business. And while we love any program that supports small business, we think the idea behind Small Business Saturday could be bigger and better. Here’s how:

    1. The small business who wanted to take advantage of the free marketing tools offered through Small Business Saturday had to have a merchant account – which comes with a a long list of fees, such as a $7.95 fee per paper statement and per-transaction fees (found here) of roughly 2.89%-3.20% plus a flat $0.10.
    2. From day one, Dwolla has been fueled by small business owners who wanted to reclaim these costs and even double their net profit margins. That’s why Dwolla’s fees are simple: just 25 cents per transaction or free for transactions under $10. No percentages. No hidden fees. Full transparency.

    3. One day per year isn’t enough. Why not support small business EVERYDAY?
    4. Next time you shop at a local business, show that you support their business by paying with cash or Dwolla instead of credit card. Here’s a just a few of the places that already accept Dwolla.

    Tell us which small business you want to support.

    While logged into Dwolla, go to https://www.dwolla.com/account#places and click the “I want Dwolla at this location” button next to your favorite small businesses.

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Financial institutions play an important role in the Dwolla network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.