Here at Credo360, we strive to make the entire process of transacting with strangers more safe and secure. So far, we had most of the process covered fairly well: you could check out another person’s reputation on Credo, then you could chat with them without revealing your personal info, and finally, you were able to confirm transactions and provide ratings/reviews. One important piece was missing though — ability to pay for goods and services directly on Credo.

To make a payment, most people had to leave Credo, go to their preferred payment service, transfer money there, and then come back to Credo to confirm the transaction. Needless to say, this was not an ideal experience, and many people found it confusing and difficult to navigate.

So, the natural thing for us to do was to make user experience better by allowing people to pay each other without leaving Credo. But we didn’t want to reinvent the wheel and build another P2P payment app (there are myriad of them out there already). Instead, we want to leave it up to the users to decide which payment method to use, we just want to let them do it directly on Credo.

Today, we are happy to announce first such payment method — Credo Wallet! It works very similarly to how PayPal or Venmo work:

You can hold a balance on Credo360

Make instant payments from this balance to other users

Easily move money between your wallet and a U.S. bank or credit union account

Credo Wallet is available immediately to all U.S. residents over 18 years old. You’ll need to provide some basic info to set it up, and after that you can start accepting money into your wallet. We have more info about how it all works here: https://www.credo360.com/help#wallet

To provide this functionality we are relying on our partner, Dwolla, which handles the actual mechanics of moving money around between bank accounts. Dwolla is a leader in providing flexible and secure infrastructure which powers billions of dollars of commerce annually and is used by many companies around the U.S. Without Dwolla, it would not have been possible for us to make this functionality available to our users in such a short timeframe.

As mentioned above, Credo Wallet is just the first payment method that we’ve integrated into Credo. We are working hard on bring other payment methods into the platform (including bitcoin), and hoping to share exciting news on these soon!