GigaOM – 10/22/13: Soon Dwolla customers will have a new option for paying for stuff online and within their mobile phones: credit. The Des Moines-based startup is launching a credit beta program that will advance customers’ funds for purchases rather than withdraw it from their bank accounts. Dwolla is partnering with financial provider Alliance Data Retail services to supply the credit lines to its consumer and business customers, and while financing fees will apply, the payments themselves will fall under Dwolla’s simple fee structure: any payment under $10 is free of all charges, while transactions over $10 – no matter how large – cost 25 cents.
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