Kartikye Mittal

5 Best Practices for Global Contractor Payment Compliance

Learn best practices for ensuring compliance when paying global contractors, from tax laws to payment methods and record-keeping.

What to Know About Compensation in the Construction Industry

Understanding Compensation in the Construction Industry In a sector where skilled labor and specialized expertise are in high demand, understanding the intricacies of compensation is essential for attracting and retaining talent. In this comprehensive guide, we will delve into the various aspects of compensation, the different types, factors influencing wages,

Changelog

Changelog - Aug 26

New Features Support for Quickbooks classes You can now set a default Quickbooks class to all payouts and payout links in the Dashboard settings or set a class on a per payout or payout link basis. This can be done both on the dashboard or through the API like this:

Changelog

Changelog - Aug 9

New Features CSV Upload now supports idempotency keys CSV Upload on the Dots Dashboard now supports idempotency keys to prevent double payouts. A CSV template generator has also been added. JS window event for App Compliance Flows In an enhancement to the app compliance flows, we have added a JavaScript

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What to Know About Gig Worker Classification

Navigating Gig Worker Classification: A Guide for Businesses An Overview Classifying gig workers accurately is essential for businesses. This guide provides insights into the factors influencing gig worker classification, the implications for both businesses and workers, and best practices for ensuring compliance. Check local, state, and federal laws for the

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The Role of Payouts APIs in Transforming Class Action Settlements

How Payouts APIs are Changing the Class Action Landscape Class action lawsuits are notoriously challenging. Not only do they often take years to litigate, but they're also more complex due to the number of plaintiffs involved. Lead plaintiffs represent an entire group of affected individuals, called class members.

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What to Know About Compensation in the Construction Industry

Understanding Compensation in the Construction Industry In a sector where skilled labor and specialized expertise are in high demand, understanding the intricacies of compensation is essential for attracting and retaining talent. In this comprehensive guide, we will delve into the various aspects of compensation, the different types, factors influencing wages,

Blog

Best Practices for Integrating Payouts APIs into Mobile Apps

How to Integrate Payouts API with Mobile Apps Managing payouts for potentially thousands of mobile application users can be expensive and time-intensive. Improving operational workflows and establishing a more efficient way of sending mass payments is key to reducing costs and improving the bottom line. However, companies that operate marketplace

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RTP vs FedNow: What's the Difference?

The Difference Between RTP and FedNow The rise of gig work and side hustles has paved the way to brand-new ways people can earn money, but it's also highlighted a glaring shortcoming in how people receive money: Lengthy payment processing times. As more and more people explore nontraditional

What to Know About the IRS Common Law Employee Test

Decoding the IRS Common Law Employee Test: Navigating its Impact on Employers and Workers The IRS Common Law Employee Test is a crucial criterion used by the Internal Revenue Service (IRS) to determine whether an individual is considered an employee for tax purposes. This classification holds significant implications for both

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What is the Difference Between a Contingent Worker and Contractor?

Contract Employee vs Contingent Worker: How are They Different? Understanding the landscape of employment involves understanding the nuances between different work arrangements. Two terms often used interchangeably but with distinct meanings are "contract employees" and "contingent workers." In this comprehensive guide, we will delve into the

Payouts

Supporting Your Growing Business With a Payouts API

How to Support Your Business Payouts API Supporting your business with a Payouts API can be a transformative step towards efficiency, scalability, and enhanced customer satisfaction. In this comprehensive guide, we will explore the nuances of leveraging a Payouts API and how to select the right payouts API provider. Get

Credit Card Processing

What is a Merchant Account?

The Ultimate Guide to Merchant Accounts Navigating the complex world of financial transactions in the business landscape requires a fundamental understanding of merchant accounts. As a business owner, having a reliable and secure means to accept payments is paramount to success. In this comprehensive guide, we'll explore the

Credit Card Processing

Strategies for Reducing Credit Card Processing Costs

How to Lower Your Credit Card Processing Fees Managing expenses is a key factor in ensuring your company’s profitability. One area where businesses can make a significant impact on their bottom line is credit card processing fees. High processing fees can eat into profits, making it crucial for businesses

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How to Ensure Your Credit Card Processing is Secure

Protecting Your Finances: Best Practices for Securing Credit Card Transactions Whether swiping, inserting, or tapping, credit card processing is the backbone of modern commerce. However, this convenience comes with a significant responsibility — the need to secure your credit card transactions. In this comprehensive guide, we'll delve into the

How to Automate Your Accounting Process

Steps for Automating Your Accounting Process Efficiency in accounting is paramount for the smooth functioning of any business. Automation has emerged as a game-changer, allowing organizations to streamline their financial processes and allocate resources more strategically. In this comprehensive guide, we will explore the steps involved in automating your accounting

The Risks of Manual Payouts and Why Automation is the Solution

The Benefits of Automated Payouts Over Manual Processes The adoption of automated processes has become a cornerstone of efficiency and accuracy. Automated payouts, in particular, have emerged as a transformative solution, replacing traditional manual processes with streamlined, secure, and efficient systems. In this blog, we'll explore the inherent

The Impact of Automated Payouts on Employee Retention and Satisfaction

How Automated Payouts Affect Employee Retention and Happiness The way employees are compensated plays a pivotal role in their overall satisfaction and retention. Traditional payout methods, characterized by manual processes and delayed transactions, have often fallen short in meeting the expectations of modern employees. This blog explores how the adoption

Navigating the Complex World of Credit Card Processing Regulations

Credit Card Processing Rules and Regulations: What to Know Understanding credit card processing rules and regulations is crucial for businesses that handle payment transactions. Compliance with these standards not only ensures a secure and trustworthy payment environment for customers but also protects businesses from legal repercussions. In this blog post,

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Understanding Form 1099-K

Form 1099-K: A Comprehensive Guide These days, people are finding unique ways to make money. Thanks to technology, opening up a business from home or making extra money as a side hustle is easier than ever. The gig economy is booming and shows no signs of slowing down. As a

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Tips for Automating Your Payment Processing

Automation continues to change nearly every industry. As technology improves and organizations invest in digital transformation, businesses of all sizes are finding new ways to make standard operations more efficient than before. When most people think of automation, they picture high-tech machines simplifying industrial workflows. However, automation software can be

The Ultimate Guide to Merchant Accounts

Navigating the complex world of financial transactions in the business landscape requires a fundamental understanding of merchant accounts. As a business owner, having a reliable and secure means to accept payments is paramount to success. In this comprehensive guide, we'll explore the intricacies of merchant accounts, from their

Filing Form 1099-MISC: What You Need to Know

Businesses have a mountain of paperwork to file when preparing their taxes. While employee tax obligations are relatively straightforward, what if you work with freelancers and independent contractors? Self-employed individuals aren't full-time staff employees, so they're exempt from income tax withholding. Because you're not

Documents You Need When Hiring an Independent Contractor

Independent contractors have a lot to offer businesses, big and small. They can help companies meet long- and short-term goals while giving organizations a cost-effective solution for bringing in new talent. More and more businesses are turning to contractors to fulfill roles they may not need on a full-time employee

What is the Difference Between Real-Time Payments (RTP) and Automated Clearing House (ACH)?

Modern banking is more efficient and versatile than ever before. These days, you have numerous options for sending and receiving money. With a payouts API like Dots, you're no longer limited to just one rail when you need to send payments to contractors, marketplace sellers, affiliates, etc. While