Ben Milne’s Journey from College Dropout to Payment Innovator

March 17, 2012

3:24 pm

Struggling against government regulations and the dominance of credit cards, Ben Milne still manages to put the user first.

In 2008 he founded Dwolla, a payment platform that lets you transfer money to friends or merchants (covered here), and he and his team have been innovating ever since. Late last year, Dwolla nixed the already-low 25-cent fee for transactions under $10 to help small businesses, and Milne is active in the Iowa startup community.

This journey was the subject of Milne’s interview last weekend our SXSW #StartupLife Celebration. In the video below, he explains why he dropped out of college, the challenges facing Dwolla, and why he loves SXSW even though he hasn’t tried any new apps.

Watch the video interview with Ben Milne.

You can find more of this year’s coverage of the #StartupLife at SXSW here.

Editor’s Note: Thank you to Vitrue, a sponsor of our #Startuplife Celebration and Tech Cocktail’s special SXSW video series. Check out Vitrue’s live daily updates from SXSW!

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Kira M. Newman is a Tech Cocktail writer interested in the harsh reality of entrepreneurship, work-life balance, and psychology. She is the founder of The Year of Happy and has been traveling around the world interviewing entrepreneurs in Asia, Europe, and North America since 2011. Follow her @kiramnewman or contact

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