Inside DAC7: The EU’s Newest Tax Directive & Its Implementation Status [March 2023]
The EU’s newest tax directive, DAC7, which applies as of 1 January 2023, imposes new obligations on online marketplaces that have sellers based in the EU.
The Payouts Platform for the Internet Economy
Make payments to your vendors in 215+ countries
Trolley simplifies sending payouts to your sellers, freelancers, or service providers around the world. You can use our full-featured platform or API to automate your payout workflows and simplify compliance requirements.
Great tool for sending payments across the globe
We saved time using Payment Rails compared to our previous methods, and also solved challenges sending payments to more countries across the world (which was really important as our online lesson offerings scaled up to include students and teachers in more countries).
Jonah C.
Director
Big fan
Trolley enables our two-sided marketplace to pay freelancers in nearly every country in the world in just a few days with their local currency. It handles FX and all the headaches involved with taxes. Show me another platform that does that.
Sam W
CEO & Co-founder
Solved a lot of our issues
Centralized platform, full visibility on all that is happening, intuitive, different balances.
Alexandra S
Senior Associate - Finance
A true time saver
We have tried multiple payment offerings, the ability to quickly onboard all of our vendors, collect tax information and set them up for payments is the big differentiator for Trolley. We used to have to use a second system for tax reporting and now all of that is integrated into one platform. We also used the API and linked the system to our accounting platform. Now we simply initiatie payments right from our accounting system.
Peter A
Founder
Good platform for international payments
Collects all information required, including banking and tax information. Supports many international countries. Has decent conversion rates. Easy to integrate securely via email or iframe.
Byron H
CTO
Best of Class / One of a Kind
The tax form features and payout options. The Refersion integration and API.
Spencer M
Chief of Staff
A truly global payments network
Trolley makes domestic or international payouts simple, which means you can send payouts to vendors using the payment methods they prefer. Our payout network lets you send to 215+ countries using 135+ currencies.
- Connect your accounting software, upload CSVs, or manually send payouts with a sinlge click
- White-labeled confirmation emails
- Automated handling of returned payments
- Invoice-style payments with line-item level detail, each supporting unique meta data and tax categorization
- A network of local banking services in over 200 countries and regions
- Customize approval workflows to match your needs
- One-platform reconciliation
Not just global payouts, but automated payouts
We believe a strong payment network should be complemented with a platform that works in the formats you know, integrates with the tools you already use, and automates repetitive tasks wherever possible. Simplify accounts payable processes, reduce time to close, and trim costs using the Trolley platform.
- Self-serve vendor onboarding
- Connect accounting software, upload CSVs, use our API or manually send payouts with one simple click
- White labeled confirmation emails
- Customized approvals workflow
- Multi currency, multi entity management
- Configure payment fee to company or pass it to vendor
Powerful payouts API
Trigger automatic global payouts, foreign exchange, expand your payment capabilities, or update systems using Trolley’s ready-to-use API. Automate your internal processes, or enable a tailored experience.
- Scale and extend your systems to offer automated payouts
- Automate your foreign exchange
- REST Payout API, JS Widget, Web Dashboard, Webhooks
- SDKs in curl, JavaScript, Ruby, PHP, Python and C#
- Developer Sandbox and full API documentation
Simplify accounts payable. Save time and money.
With Trolley, your teams can save nearly 80% of the time spent managing administrative tasks. Plus, our simple to understand pricing means fewer fees and FX surprises.
- Save time with self-service vendor onboarding
- Fraud management, and watchlist screening
- Automatic tax collection, compliance, generation of tax forms like 1099 (K, MISC, NEC) & 1042-S,
- ERP integrations, reconciliation, and sync
- Enterprise ready
Secure and Transparent
Trolley takes data-security very seriously. We offer customizable security management settings and leverage bank-level encryption—so you can operate in full confidence.
- SOC 2® Type II compliant
- End-to-end 256-bit bank-level security
- IP & Domain Access white-listing
- Two-Factor Authentication
- User Roles and Permissions
- Built-in compliance for watchlist screening
- Fully transparent payment status tracking
Ready to get started?
Integrate, onboard, schedule, pay, communicate, and comply—all from the Trolley platform & API—with little effort required.
