Ultimately we’re trying to build the next Visa, not the next PayPal. We’re building a human network based on how we think the future of payments will work. The current model needs to be blown up. Dwolla started out of my old company. I owned a speaker manufacturing company and we sold everything directly through a website. I got really obsessed with interchange fees and how not to pay them. Every time a merchant gets paid with a credit card they have to give up a percentage. In my case, I was losing $55,000 a year to credit card companies. I felt like they were stealing from me — I was getting paid and somebody was taking money out of my pocket.

-Business Insider interview with Ben Milne, founder of Dwolla (via bb)