Unlocking the Power of Pay by Bank: Lootlock’s Integration with Dwolla + Visa

At Lootlock, we’re on a mission to make digital spending safer, smarter, and more transparent for families. That mission just leveled up. We’re proud to announce our integration with Dwolla and Visa, bringing the power of Pay by Bank to Lootlock families. This means offering a fast, secure, and low-cost way to fund your child's account directly from your bank.

What is Pay by Bank?

Pay by Bank is a game-changing payment method. It allows users to connect their bank accounts directly to their Lootlock wallet. This skips the traditional credit cards and their associated fees. The feature is powered by Dwolla and Visa, two leaders in secure and modern payment infrastructure.

With Pay by Bank, you can say goodbye to juggling cards, typing in numbers, and dealing with third-party delays. Here are some key benefits you’ll enjoy:

• Same Day & Instant account funding

• Fewer transaction fees

• Greater control and visibility

• Bank-level security

  
  

Why It Matters for Families

For parents managing gaming allowances, Pay by Bank offers real-time control with no surprises. It’s not just about approving a purchase. You’re actively shaping smart habits and overseeing every step of your child’s spending journey.

Whether funding a Lootlock allowance, topping up after chores, or unlocking a digital bounty, Pay by Bank ensures seamless and secure transfers. Lootlock acts as a safeguard, placing you between your child and the gaming universe. This keeps you in control without risking your hard-earned loot.

The Benefits of Pay by Bank

Using Pay by Bank provides numerous advantages for families. Here are some key points:

Enhanced Security

One of the biggest concerns for families is security. With Pay by Bank, your transactions are protected by advanced technology. This means your personal data and funds are safe from fraud.

Immediate Control

You can monitor and manage your child's transactions in real-time. This immediate oversight allows you to guide their spending habits and ensure they are making smart financial choices.

Lower Costs

Traditional payment methods can come with hidden fees. With Pay by Bank, you will enjoy fewer transaction fees. This means more value for the money you spend, allowing you to invest in other areas for your family.

Built with Trust: Dwolla + Visa

This integration is made possible through our partnerships with Dwolla, a leader in open banking and ACH technology, and Visa, a name you can trust. Together, they enable bank-connected payments at scale, ensuring blazing speed and industry-grade compliance.

By plugging into this modern financial backbone, we’re future-proofing how families interact with their money. This is especially important as kids learn to manage their finances in a digital-first world.

What’s Next?

Pay by Bank is now available to Lootlock users. To start using it, just connect your bank and go. We're focusing on speed, security, and simplicity.

We firmly believe this is just the beginning. As we build smarter financial tools for families, integrations like this provide a flexible and strong foundation. This foundation will allow us to innovate even faster.

Want to try it out? Head to Lootlock and link your bank to get started.

Closing Thoughts

Together, let's build a better way to spend. The future of family finance is bright, and we are excited to lead the way. Embrace this new method of payment and watch how it transforms your family's financial journey. With Pay by Bank, you’re not just navigating gaming allowances; you’re paving the way for financial literacy in the digital age. It's an opportunity to teach your kids the value of money, responsibility, and making informed spending choices.

Let's make digital spending a seamless experience for families everywhere!