We charge a small 3% fee to send dough which is used to cover the credit card companies' fees and a small proportion of Dough running costs.
An everyday example...
You're about to settle your share of the breakfast bill - $23.20. You don't have exact change (who does?), and so you give your friend $25 and hope it will all come out in the wash.
It may, but why hope? With Dough, the fee for covering $23.20 is $0.70, saving you $1.10 in the process!
But I can do that through my banking app, for free?
Technically, yes. However, that would mean that your friend would have to relay their BSB and Account number to you at the breakfast table. Painful and error prone, and that's if they know it... One wrong number, and you'll be chasing the banks for hours.
Doesn't PayID eliminate that problem?
Potentially... But that would mean that you and your friend would need to be registered for PayID before you try and settle your share of $23.20.
Yeah, painful, but, why Dough?
With Dough, you only need your friend's mobile number! We'll do the rest. Ohhh, and did we mention that you can request from your family & friends? No banks can do that!
We have grand plans for the future, some that we can't share just yet, but we strongly believe that given the painful experience outlined above, what Dough currently does and our future plans, the $0.70 is completely worth it!