When comparing Dwolla vs Google Wallet, the Slant community recommends Google Wallet for most people. In the question“What are the best services for making online transactions?” Google Wallet is ranked 7th while Dwolla is ranked 9th. The most important reason people chose Google Wallet is:
Google has a partnership with Bancorp Bank that issues a Virtual Card to Google Wallet users that works as an intermediary between customer's card and merchant. It gives more choice in terms of compatible cards and works as a card fraud mitigation technique.
Ranked in these QuestionsQuestion Ranking
Pros
Pro Less identity theft risk than with credit cards or checks
You never have to give out personal information when sending or receiving payments, only an email address. So there’s never a risk of having your personal information stolen.
Pro Best choice of supported cards through Google's Virtual Card system
Google has a partnership with Bancorp Bank that issues a Virtual Card to Google Wallet users that works as an intermediary between customer's card and merchant. It gives more choice in terms of compatible cards and works as a card fraud mitigation technique.
Pro Has a robust fraud protection system
All verified unauthorized transactions reported within 120 days of the transaction are completely refunded.
Pro No credit card information is stored on the phone
In case a phone is lost or stolen no access to actual credit card information can be gained.
Pro 4-digit PIN provides added security through secondary authentication
4-digit PIN that has to be entered before any transaction can take place adds secondary authentication and makes sure that nothing gets bought by accident.
Cons
Con Not a ton of people or companies are using Dwolla
There aren't many people or companies that are using Dwolla as a payment service and it's mostly overshadowed by it's big rival PayPal.