Dwolla Introduces Credit Payment Option

Dwolla made a name for itself by making it easier and more affordable for users to transfer money to one another online. Now, nearly four years after launching, the startup is making its first foray into credit payments.

Dwolla announced Tuesday that it has partnered with Comenity Capital Bank to launch a new credit payment option that lets users purchase items through the Dwolla network without a credit card. The option is currently in beta and Dwolla will accept new users and merchants gradually until early next year, when it plans to launch the option to the general public