Our latest features will not only make your end of year tax process more fluid, but allow you to plan a bigger and better 2023—sending into new geographies and automating some manual processes.
Paid-to-play: Nexus provides an all-new source of income to gamers
Nexus is a monetization platform that lets video game streamers and influencers sell games directly to its viewers. Every sale from a gamer’s shop entitles them to commissions, making a seamless seller-payout experience critical. After integrating Trolley, Nexus streamlined its payouts and end-of-year tax processes, saving hundreds of hours of manual work each year.
Suddenly, publishers and advertisers realize that streamers have significant audiences available. A few elite streamers make bank from sponsorships.
This is for top players. Thousands of mid-level streamers have plenty of influence, but because they’re not on the “leaderboard,” they are limited in how they can monetize their channels.
It was vital that any payouts platform we chose would minimize fees for creators, especially international payees. That’s a big reason we went with Trolley; it’s imperative that we help our community earn a living doing something they love.
Nexus’ community of 50,000+ gamers and creators spans the globe and they are primarily focused on top-tier games like Path of Exile, SMITE, and Paladins. Some of the top creators include Karmakut, Mathil1, Turin, and Rexsi.
In 2020, Steltz, Whipple, and Sacks raised $5.5 million of funding to build out and expand the platform. Jack Inscoe joined Nexus as VP of Operations shortly after this. Looking to optimize the workflows for the many departments he oversaw, he immediately noted how the finance team manually handled creator payments and taxes.
“One of the most important things we do is help our content creators make a living; it’s core to our mission."
— Justin Sacks, CEO and co-founder of Nexus
At the end of each month, the development team exported reports detailing the sales of individual storefronts. Finance then used this data to send payments—one by one—through the corporate bank account or via a PayPal account. For international payments, the teams faced a lot of data entry work to set up wires. With PayPal, issues with the CSV import feature meant they had to issue individual payments to keep the ball rolling.
Beyond this, creators needed to reach out to the partnerships team to track payments, and engineering had to pull reports to answer these inquiries. This meant a stream of emails back and forth and was, in general, an operational nightmare, one that Inscoe knew could grind the Nexus operations team to a halt as the company scaled.
Lastly, armed with Google Drive and some custom code, a contract bookkeeper processed the year's payout information to produce a mountain of 1099s and 1042s tax forms as each tax year wrapped up.
"Before Trolley, our finance, partnership, accounting, and dev teams spent a ton of time gathering info just to communicate about payouts. Trolley gives our community the tools they need to track their payments themselves, so we can focus on building for our customers.” — Jack Inscoe
Nexus spent three months looking at different payment providers like Stripe, Tipalti, Hyperwallet, and Bill.com. Ultimately, they chose Trolley because it met its specific payout and tax needs while sharing a mandate to do right by creators.
The development team found the Trolley API easy to implement, and the finance team was delighted that the integration let them effortlessly manage outgoing payments, centralize records, and onboard new creators.
Trolley solved Nexus’ onboarding logistics and security concerns. Trolley’s embeddable widget makes it easy for streamers to submit payment data, and Trolley does the security heavy-lifting, storing payees’ sensitive information with bank-level encryption.
“We love Trolley’s clean onboarding experience for our content creators. They also handle tax form creation, so we spend almost no time managing sensitive creator information." — Jack Inscoe
“Automation has reduced the amount of cognitive overhead or the worry that we may have missed something or made a mistake,” Inscoe observed. “It feels like the weight of payouts is completely off my shoulders.”
The experience for the gamers has also improved significantly; now that Nexus uses Trolley, creators can view upcoming payouts through the platform. “Gamers can track payments without sending a single email to our team,” says Inscoe. “Our support teams aren’t building ad-hoc customer reports; they’re solving problems.”
Trolley has been so practical that Nexus has also started using it as an accounts payable tool to make other payments to vendors and game publishers.
Inscoe knows the Nexus model is a great way to align incentives for gamers, content creators, and game publishers. "As we attract more global influencers and content creators to our growing platform, we're happy that Trolley will be right there, providing us with a powerful payments engine."
Trolley is clearly the future. If your business or platform has anything to do with creators, nothing comes close to how well Trolley handles the headache of payouts and tax upkeep. Great software, great team, great vision.
Trolley provides ArtStation with a "massive competitive advantage"
Pixsy reduces payouts workload 90% by automating royalty payouts