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.
MUSIC & STREAMING ROYALTY PAYOUTS
A smoother artist payout experience
Finding the next big hit is challenging, keeping hitmakers happy shouldn't be. Timely, transparent payouts help build trust between artists and your business team. Trolley simplifies royalty payouts, a major step toward creating a seamless artist experience.
“Our investment in Trolley was absolutely worthwhile! It simplifies the payment process, tax reporting, and provides our artists with transparency and visibility into their payments. With Trolley, we offer a 21st Century… maybe even 22nd Century payment solution.”
Tanvi Patel, CEO & Owner of Crucial Music —
Make payouts a selling point
Artist experience is critical to winning and retaining talent. Trolley streamlines artist onboarding and provides them with complete visibility into their payouts.- Collect payment & tax info directly from talent via the brandable recipient widget.
- Allow artists to track their past & upcoming payments.
- Improve communications with auto-triggered white-label emails.
Modernize your tax process
By managing W-8/W-9 collection, Trolley can link multi-line details of each payment to a specific artist. This makes producing and distributing end-of-year tax forms a snap.- Gather W-9 & W-8 BEN forms as you sign up new artists.
- Consolidate royalties & other payments without losing details needed for EOY reporting.
- Automate 1099 & 1042-S form production and distribution.
Integrate payouts in hours vs weeks
From quick no-code solutions to developer-level integrations, Trolley lets you deploy a ready-to-go payouts solution with zero hassle.- Skip integration: Point artists to the fully brandable, Trolley-hosted portal
- Add the deployable iframe widget directly into your platform
- Embed Trolley via our RESTful-API to build custom workflows
A single platform to fuel your growth
Trolley is on-brand
Offer a seamless look & feel. Every stage of the recipient experience (portal, widget, emails) can be branded with your colors and logos to build your reputation, not ours.
Trolley is flexible
Make payment easy. Trolley offers the most options for your contractors (Bank transfers [ACH/EFT/SEPA], PayPal, SWIFT wire), keeping your contractors paid & happy.
Trolley is borderless
Don’t miss out on opportunities because of geography. Localized in 38 languages and paying to 215+ countries, your talent pool just got a whole lot deeper.
Trolley is secure
We take security very seriously. Hosted on AWS (SOC 1, 2, & 3 + ISO 27001/27018), Trolley uses end-to-end 256-bit SSL bank-level security, & requires 2FA for all users.
Trolley is privacy-compliant
We know data management best practices and regulations. Did you know, we're GDPR, CCPA, PIPEDA, DPA, & the EU-U.S. Privacy Shield Framework compliant?
Trolley is backed by top investors
We're backed by some big names in FinTech. Trolley's investors include former PayPal President Scott Thompson and investment firms Pace Capital & GreenSky Capital Inc.
Payments run smoother with Trolley
Don’t just take our word for it, check out how much our customers love Trolley.
