Payments

Now you can Pay Federal Agencies using PayPal or Dwolla

We have summarized this news for you:

  • The U.S. Department of the Treasury’s Bureau of the Fiscal Service is now offering both PayPal and Dwolla as payment options for Pay.gov, the government's secure web based collection portal for making payments to federal agencies.
  • The financial transactions between the public and the U.S. government witness daily cash flow of around $90 billion.
  • In the Fiscal Year 2014, the Fiscal Service collected $3.73 trillion in revenue, processing 400 million transactions. Nearly 98 percent ($3.69 trillion) were electronic transactions.
  • PayPal and Dwolla have been handpicked by the bureau as they allow customers to make transactions without the need for enrolling in a system or providing  personal information.
  • Nearly 200 federal agencies, ranging from the Department of Interior to the Department of Defense, use the U.S. Treasury’s Pay.gov platform to create and host custom online payment forms, collecting over 100 million transactions worth approximately $110 billion per year.

paypal_dwolla_digital_wallet

Source: Bureau of the Fiscal Service

Ray

Ray has keen interest in the area of devices, OS and wireless technologies. He is a Mobile Technology enthusiast and believes that Mobility is going to completely change the way we do Payments and Commerce. He wishes to share this belief with the world by providing such content through LetsTalkPayments. Ray has done his engineering as well as MBA.

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