Dots (Page 4)

Ways to Quickly Pay Your Contractors - Dots

How to Easily Pay Your Freelancers and Independent Contractors

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

What to Know About Staying Compliant With 1099 Workers - Dots

Compliance for Independent Contractors and 1099 Workers: What to Know

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

Connecting the Dots: Collabstr

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

What Does the INFORM Consumer Act Mean for Marketplaces? - Dots

What Marketplaces Need to Know About the INFORM Consumer Act

What is the INFORM Consumer Act? The INFORM Consumer Act, which stands for Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers, was passed December 29, 2022 as an addendum to the Consolidated Appropriations Act of 2023 bill. This new act applies to online marketplaces defined as any business

How to Streamline Your Payment Infrastructure - Dots

Tips for Streamlining Your Payment Processes

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

How the Dots Digital Wallet Works

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

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Connecting the Dots: Forward Forestry

Since implementing Dots, just about everything–time, speed, user interface–is better. At every turn, we were disappointed with Stripe’s performance, especially regarding speed. It was so slow for us that mailing a physical paper check to the customer was faster than the time it took for them to

What Is Form W-8BEN?

A Brief Overview Many employers have international workforces, allowing them to get skilled employees from around the globe. Not only does this open up the talent pool, but it can also help you enter new markets and grow your business. W-8BEN Forms are a critical part of hiring foreign employees

What Are ACH Transactions And How Do They Work?

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,

What is the Difference Between Wire Transfers and ACH Payments?

ACH Payments vs Wire Transfers: What’s the Difference?

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

How to Monetize Your Online Marketplace - Dots

Monetization Strategies For Your Online Marketplace

Implementing a Good Strategy Online marketplaces are a multibillion-dollar industry, with many businesses getting their piece of the pie. However, to get the biggest share possible you need to have the right monetization strategy in place. The question is, which monetization strategy should you use? The common strategies all have

Connecting The Dots: Vantage Sports

The biggest value for us has been organization and time. We've really been able to streamline the service and easily manage our high frequency of low volume transactions. We have a lot of coaches, who are our contractors and used Venmo to pay them out previously, which was

The Important of Paying Your Contractors on Time - Dots

Why Paying Your Contractors On Time is So Important

An Overview Many businesses outsource tasks to freelancers and contractors. This can help organizations get more work done and save money for specialized tasks that don’t require full-time employees. However, just because they don’t work at your company doesn’t mean they shouldn’t be paid in a

The Best Methods for International Payments

An Overview Accepting payments is essential for any business and with globalization more widespread than ever, accepting international payments is becoming just as important. However, there are numerous different methods for sending and receiving global payments. These methods each come with their own set of pros and cons, and the

Who is Dots and How Do We Protect Your Privacy? - Dots

Dots Payouts API: What is it and How is Your Privacy Protected?

Security Is Our Top Priority The Dots payouts API makes it easy to send and receive payments on numerous payment platforms. Privacy and data security are top priorities for any business. With Dots, you can trust that our API makes sure customer and contractor data is safe, protected and compliant

Connecting The Dots: Table22

Before Dots, we used a combination of different services – ACH transfers, a lot of Venmo and Cash App. Cash App was important for us, because we're trying to meet our contractors, delivery drivers, where they are and Cash App is the method of payment that many of them

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Instant Bank Transfers with RTP Dots now supports and defaults to instant bank transfers over the Real Time Payments rail wherever possible. RTP is supported by most large financial institutions and has coverage over a majority of bank accounts. Instant bank transfers over RTP will be automatic for a payee

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What Is the Cost of Influencer Marketing?

An Overview A few decades ago, the concept of influencer marketing was nonexistent. The closest thing we had to influencers before the mid-2000s was movie stars and musical artists, and getting their endorsements wasn’t cheap. That all changed when social media blew up. Now, popular content creators are getting

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Dots API V2 Our API recently turned a year old and in the past 12 months we have received a lot of great feedback from our customers. After a few months of design and development, we are happy to release V2 of the Dots API. V2 improvements focus on improving

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How Long Do Global Wire Transfers Take?

Managing Your Payments Are there people outside of the United States you need to pay? With increasing numbers of companies working with global partners and contractors, international payments are more common than most realize. While there are many ways to perform these transactions, one of the most common methods is

How to Pay International Contractors - Dots

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Ways to Pay International Employees and Foreign Contractors With an API

Streamline Your Payments 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

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Connecting the Dots: Don't Tell Comedy

Before Dots, we had to pay a lump sum to every producer and make sure they would would divvy the comedians' payouts on their end. The process was super manual, untrackable and made collecting 1099 information really hard. Dots let us give money to comedians directly. We love Dots

Screenshots of Dots Flows on a Phone Sized Screen.

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Flows Save months of development time by implementing Dots Flows. Flows handle complex tasks like onboarding, collecting tax information and saving payout information. Flows consist of various steps that can be chained together to create your desired flow. For example, onboard users by having them them fill out their SSN,

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Custom Logo Support Payout Links and Payout iFrames can now be customized with your logo which can be uploaded on the Settings page. More customization options will be added in over the coming weeks. Fixes and Improvements * Fixed the dropdown button on all tables * Added EIN formatting validation to request

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Payee Dashboard We're launching a new payee dashboard at my.dots.dev. Currently this new dashboard allows all of Dots' payees to view their transactions histories and create Payout Requests as detailed below. Soon, this dashboard will also allow the management of a payee's connected