When comparing Apple Pay vs Dwolla, the Slant community recommends Apple Pay for most people. In the question“What are the best services for making online transactions?” Apple Pay is ranked 5th while Dwolla is ranked 9th.
Ranked in these QuestionsQuestion Ranking
Pros
Pro Actual credit card number is obfuscated through Tokenization
Pro Fingerprint authentication adds secondary authentication without requiring to remember anything
Fingerprint authentication adds secondary authentication before a transaction can be initiated. Additionally, it makes sure that nothing get's bought by accident and doesn't require remembering anything such as a password or a pin to use.
Pro The most widely used option
Apple Pay is used more than all of the competition combined.
Pro No credit card information is stored on Apple's devices or servers (except during setup)
Apple avoids any contact with real credit card information, except during setup at which point all information is handled carefully using encryption throughout the process.
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.
Cons
Con Works only with iPhone 6 or later
Apple Pay is compatible only with iPhones and only those that include an NFC and Secure Element chips which currently is only iPhone 6 and iPhone 6 Plus.
Con Works with a limited selection of cards
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.