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.
Todays growing businesses also have growing lists of suppliers and contractors who need to be paid for their work. Trolley offers a secure, out-of-the-box experience for new payout recipients to self-onboard, fully customizable and rebadgable with your brand.
Integrate our Recipient Widget to your website or mobile app in less than 20 minutes, to allow you to capture your recipient bank account details directly from your users. It’s customizable with your brand colors, responsive, and includes bank validation rules for all countries. We then tokenize and securely store your recipient details for you, ready for when you need to pay them.
With our fully white-label email setup, you can automatically send emails to your recipients each time a payment is sent to them. Emails are branded in your company colours, with your logo on top and sent from your company email domain name. All at no extra cost. That’s what we call a fully white-label experience.
We do everything we can to avoid returned payments, but sometimes they happen. When they do, we automate resolving them. We automatically email your recipient to let them know what the issue was and ask them to login to their profile on your website or app to review and update their account info. We will hold any future payments until that is done to prevent additional returns.
We also have a returned payment webhook if you want to send recipients your own notification.
Minimize returned payments and the admin legwork and costs that go with that, not to mention the terrible end user experience.
With Trolley, we validate bank account details on capture to prevent issues later on, whether you are using our API or Recipient Widget, or even our dashboard and csv file uploads.
Trolley takes data-security very seriously. We offer customizable security management settings and leverage bank-level encryption—so you can operate in full confidence.
Integrate, onboard, schedule, pay, communicate, and comply—all from the Trolley platform & API—with little effort required.