If you’re a business that employs freelancers and independent contractors, it’s essential to stay tax compliant. Improperly classifying employees or failing to file the correct tax documents can lead to hefty fines and penalties. To stay compliant, you need to understand your obligations as an employer and ensure

If you’re an e-commerce business, it makes sense to make the checkout process as simple and seamless as possible for your customers. This means making the process intuitive, but it also means offering multiple payment gateways. Online businesses can benefit from multiple payment options in numerous ways. Whether you

There are more digital payment methods available to consumers than ever. If you’re an online business owner, it benefits you to offer multiple payment methods to your customers. It gives them more flexibility and options with how they pay, creating less friction in the checkout process. Less friction means

Online fraud is a major challenge for e-commerce businesses. It can cost you money and put your customers’ sensitive data at risk. E-commerce businesses owners need to be proactive to prevent online frauds and take the necessary precautions to protect their customers. In this blog, we’ll be diving into

E-commerce business owners can increase sales and conversions with a streamlined and versatile payment process. If you’re looking to improve your payment processes for your business, this guide can help. In this ultimate guide to e-commerce payment processing, we’ll give you all the information you need to improve

Are you a business that needs to onboard 1099 contractors? This can be a tricky process, but it doesn’t have to be that way. In this blog, we’ll provide you with a step-by-step guide on how to successfully onboard 1099 contractors as efficiently and effectively as possible. Onboarding

If you’ve transferred money internationally, you may have heard of IBANs. IBANs, or International Bank Account Numbers, are used worldwide for international and sometimes domestic transactions. But what exactly are these numbers and how do they work? In this post, we’ll be discussing everything you need to know

If you’re an e-commerce business owner, you need to know about Form 1099-MISC. More importantly, you also need to be aware of the differences between 1099-MISC and 1099-NEC. While you may have used 1099-MISC in the past for certain payouts, you’ll likely need to file 1099-NEC forms instead

Organizing a video game tournament is already a time-consuming and resource-intensive task. There are anti-cheat measures to consider, roster management, and much more. But perhaps one of the most difficult factors to manage is distributing eSports prize payments. Handling entry fees and payouts for entrants is an essential part of

Thanks to the internet, it’s easier than ever to broaden your business horizons and operate on a more global scale. The days of being limited to independent contractors and freelancers in your area are over. Collaborators with the specific skills and unique perspectives you want are only a few

Business owners must consider what payment systems they accept or use during the course of regular business. One consideration that sometimes goes unaddressed is the difference between closed and open-loop payment systems. The distinction seems fairly straightforward, but there are nuances to consider for each. In this blog post, we&

Business owners need to pay freelancers and independent contractors differently than they pay their employees. Creating a separate process for paying non-employees can be a hassle, especially if you work with a lot of contractors. Fortunately, it doesn’t have to be complicated. Dots provides a hassle-free and frictionless way

Independent contractors and freelancers can be a useful source of work for employers. They can help your business pick up the slack in certain areas or they can bring unique expertise without having to create a new department. Of course, it’s important to remain compliant when your business utilizes

Starting out, our biggest limitation was what we were previously using–Stripe Connect. We kept running into roadblock after roadblock. Initially, it was fine, as we were just using it for basic use cases, but once we needed more flexibility, that's when we were banging our heads against

Every business can benefit from streamlining its payment infrastructure. However, restructuring your payment processes and workflows can be difficult and time-consuming. But it doesn’t have to be that way. With the Dots API, you can make your payment processes more efficient and save time while also making sure your

One of the best ways to streamline your payout ecosystem is with a digital wallet. Instead of transferring money to a payee’s bank account, you can send their funds directly to their digital wallet on your platform. This keeps funds in your system until users’ funds reach a certain

An Overview Banking is much faster and more efficient in the modern era. Rather than dealing with cash transactions or transactions through checks and cards, you can now transfer money electronically through ACH, also known as the Automated Clearing House The ACH network has been in operation for decades now,

An Overview Technology has made it much easier for individuals and businesses to exchange funds. Sending money online is more convenient and affordable than ever, with various methods to do so. Some of the most common methods are ACH payments and wire transfers. While the two methods seem similar, they