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
Manage mass payouts to your suppliers
Trolley is a powerful mass payouts platform, made for savvy teams looking to find efficiencies in their workflows. Simplify and automate sending payouts to your sellers, freelancers, or service providers around the world.
Improve your payout workflow with Trolley
Monitor Payouts in Real-Time
Stay updated with real-time transaction tracking. Track the current live status of any payment, allowing you to know precisely where a payment is at any time. With direct access to the live payment status, your staff are now armed to handle most payout support queries internally, resulting in a far better end-user experience.
Automate Payout Approvals & Workflows
Every business has it own internal rules for who needs to approve outgoing payments, and within what limits. You can assign approval rights to individuals based on custom value limits, including how many people need to approve a payment.
We will automatically email approvers when a payment is awaiting their approval, and provide transparency and traceability on who declines or approves each payment.
CURRENTLY AVAILABLE IN THE UK & EUROZONE
Make Instant Payments
Need to send payments to your end-users quickly? Like, really really quickly? Now you can with Trolley Instant payments.
Send payouts instantly to the existing debit card that your recipient has in their pocket. There is no need to ship a new card to them. Payments are received within seconds and available to spent straight away. Ideal for contract workers that want to get paid at the end of their shift, or if your platform provides a balance that can be withdrawn by your users on request.
Track Live Foreign Exchange Rates
Stop paying the high foreign exchange rates that banks and other providers charge on international payments. With Trolley, you get access to live FX rates based on the live interbank rate.
We support converting into over 150 currencies, so wherever you need to send money to and in whichever currency, we have it covered.
Platform Security
Trolley takes data-security very seriously. We offer customizable security management settings and leverage bank-level encryption—so you can operate in full confidence.
- End-to-end 256-bit bank-level security
- IP & Domain Access white-listing
- Two-Factor Authentication
- User Roles and Permissions
Ready to get started?
Integrate, onboard, schedule, pay, communicate, and comply—all from the Trolley platform & API—with little effort required.
