Other Alternatives & Competitors to Trolley
Skrill is a digital payments solution for both pay-in and pay-out services. Established in 2001, the digital wallet provider has fast, secure, and optimized finance solutions with 100+ different payment methods. The brand has partnered with all major shopping carts, offering chargeback protection, frictionless payments, and competitive processing rates.
Manage your money in 120 countries, from a single account. Skrill provides quick checkout that enables you to add cards, wallets, instant bank transfers, and cash payment methods with a rapid transfer feature that supports 3000+ banks.
- Free Skrill Visa prepaid card for business spending anywhere Visa is accepted.
- A fast and secure mobile app lets you move your account balance 24/7, worldwide.
- A digital wallet for quick electronic payments. Customers pay with just an email address and password.
Skrill works best for small or medium businesses that require basic and low-volume cross-border transactions. It’s designed for online and ecommerce companies that are looking to grow on a global scale and reach new customers.
- Partnered with all major shopping carts and ecommerce platforms to help your business grow globally.
- 100+ local payment options, in over 40 different currencies.
Skrill doesn’t charge a fee to send or receive funds as long as there is no currency conversion. It’s free to deposit money into your Skrill account, and it costs $5.50 to withdraw it.
For transactions that involve a currency conversion, Skrill adds a fee of 3.99% to their wholesale exchange rates.
The Skrill account is free as long as you use it every 12 months. If you don’t, a service fee of $5 (or equivalent) will be deducted monthly from your account.
The application fee for the Skrill Visa® card costs $10, and there is also a $10 annual fee. It costs $2.50/transaction to use the ATM as well.
Veem is a global payment network that provides a simple solution for organizations to pay and get paid. Founded in 2014, the San Francisco-based platform is recognized, regulated, and trusted around the world. Offering 24/7 support and competitive rates, the platform never holds funds or charges a subscription.
With Veem, a business can experience how easy it is to transact on a global scale (and domestically). Save time and gain better visibility into cash flow, while offering a multitude of flexible payment options. Veem has over $100M in funding to date and can help a company ditch its legacy systems once and for all.
- Free domestic business payments with an efficient, affordable, and secure global payments network.
- Pay in over 100 countries simply, quickly, and with no FX fee in 70+ currencies.
- Mass pay enables you to send thousands of payments at once in a simple, scalable way.
Veem’s basic functionalities are a good option for small businesses to pay and get paid. However, mid-market companies and those with hyper-growth will find that Veem lacks critical payable capabilities to attract and retain their partners and improve finance team productivity.
- Streamlines the end-to-end AP/AR process by automating payment approval workflows, recurring invoices, and payments.
- PCI DSS compliant and SOC2 certified with 24/7 expert support via email, chat, and phone.
Veem offers many free-of-charge payment options, but their income source comes from foreign exchange rates and low, flat transfer fees. There are no extra fees or markups on domestic money transfers.
International USD wire transfers cost $29, but wallet-to-wallet transfers and monthly subscriptions are free. Credit card payments have a 2.9% fee, there is a 1% fee for instant deposit to a card, and a 1% fee for debit card payments.
Founded in 2007, LemonWay is a modular payment solution for marketplaces, ecommerce websites, and crowdfunding platforms. The system is secure, compliant, regulated by the ACPR, and benefits from the” EU financial passport” in 29 countries. The brand is trusted and used by over 1,400 websites in Europe, including 200 crowdfunding platforms.
LemonWay allows you to customize payment flows and offers developers API solutions to implement into client platforms. It helps to simplify payments for product, service, and financial marketplaces. It does this by offering features like wallet management and third-party payment in a KYC/AML regulated framework.
- Payment experience in 14 operational currencies with payment methods adapted to your users’ needs.
- Simplify networking and purchases between individuals, manage commissions, and monitor cash flows in real-time.
- Streamlined processing of transfers with IBANization of your payment accounts.
LemonWay takes an API-only approach, so unless you have a developer on-hand, it can be a complex system. The platform is also limited to 22 currencies within Europe. It is not ideal for international transfers as it offers no FX conversion.
- Dedicated to marketplaces, alternative finance platforms, and other companies looking for payment processing.
- Robust allies ecosystem, partnering with innovative players and the most advanced technological solutions.
The cost for LemonWay is custom. Share your needs in an online form and an expert sales professional will contact you with personalized solutions and pricing.
MANGOPAY provides an end-to-end payment solution to help a business manage third-party transactions. The system is designed for marketplaces, crowdfunding platforms, and fintech companies looking to optimize payment flows with multiple currencies, and verify users for local regulations.
Using MANGOPAY’s white-label API, organizations can set up custom transfers, serving the specialist entrepreneurial needs of European markets. The system handles specific payment methods and escrow funds indefinitely. It provides a fully featured sandbox, freely available for testing, SDKs, plug-ins, and an ecommerce connector for simplified integration.
- E-wallets and Ibanization payment tools for a personalized workflow and unlimited escrowing time.
- Highly secure with an electronic money institution license valid in all 31 EEA countries and automated identity checks.
- Split, deferred, and recurring payments offer the possibility to adapt to any user’s needs.
MANGOPAY’s serviceable market lies in European companies that have direct access to a developer. The API-heavy platform and automated Ibanization tools make it ideal for a business seeking deep payment customizations in Europe.
- Over 2,500 platforms use MANGOPAY to manage their transactions and user verification.
- Developer-friendly API to set up custom payment flows and automate processes.
MANGOPAY offers clear and transparent pricing with no setup fees. The pricing model is separated into three tiers:
- Pay-in (per transaction excl. VAT) is 1.8% + 0.18€ (price for Visa and Mastercard)
- Payout (per transaction) free within the SEPA zone
All Payment Methods
- Pay-in (per transaction excl. VAT) is 1.8% + 0.18€ in EUR and 2.5% + 0.25€ for other currencies
- Payout (per transaction) free within the SEPA zone, 2.50€ outside SEPA zone
- Monthly pay-in volumes starting at 100,000 processed cost 1.6% + 0.18€ for EUR and 2.3% + 0.25€ for other currencies
It should also be noted that full pricing rates apply to the first 100,000 EUR (or GBP) of transaction volume processed. Transactions processed above 100,000 are then applicable for the volume discount.
Tipalti enables companies to attract and retain partners with a top-tier experience and transforms the entire partner payments operation for today’s fastest-growing, global, digital-first companies. Every creator, streamer, developer, affiliate, or publisher on your platform can count on a best-in-class partner experience above all.
Tipalti provides an end-to-end mass payment solution that allows a business to easily process payments via PayPal, global ACH (eCheck), wire transfer, prepaid debit card, ACH, and check. Tipalti empowers businesses to attract and retain top partners with a superb partner experience that includes flexibility, visibility, and on-time payments. Every creator, streamer, developer, affiliate, or publisher on your platform can count on a best-in-class partner experience above all.
Tipalti’s holistic cloud solution features partner onboarding, tax validation, payment method and currency selection, cross border remittance, early payments, fraud detection, self-billing, reconciliation, performance marketing integrations, and so much more. The system prioritizes efficiency, streamlines cash flow management, and delivers a white-label experience across the globe.
- KPMG approved, built-in tax engine and self-service partner onboarding.
- Global partner payments effectiveness and fraudulent payment risk reduction
- A broad range of global payment methods and currencies to improve payment accuracy and timeliness, give early payment discounts, and provide proactive partner visibility.
Tipalti is a great solution for any business looking to make the global partner payments process faster, safer, and more efficient through automation. Whether your business is a startup or large enterprise, Tipalti is a solution that fits all sizes and industries.
- Global, performance-based platform for marketplaces, networks, and communities.
- Reduces payment error rates by 66% using 26,000 AI-driven payment validation rules
Tipalti offers two separate plans for businesses; Tipalti Express and Tipalti Pro.
Tipalti Express is designed with smaller companies in mind. Tipalti Pro is for medium and enterprise sized companies that require features like tax forms, multi-entity payables, and international tax IDs.
Pricing is always custom and varies based on factors like business needs, volume of users, and processing requirements.
Power your entire partner payouts operations
Trolley vs Tipalti
What does Tipalti Do?
Tipalti’s comprehensive approach to automating payables streamlines the entire cycle from partner onboarding and global payments to reconciliation. The platform manages all interactions between your business and your partners to provide end-to-end control and optimizes the entire payables workflow, future-proofing your operations for mass scale, while reducing up to 80% of manual workload. Manage your entire mass payment operation in a single, intuitive dashboard.
Tipalti Product Capabilities Overview
Tipalti’s fully-brandable mass payment automation solution for performance-based business models minimizes manual effort, maximizes self-service, and dramatically increases scalability and auditability.
Tipalti addresses everything from partner onboarding and vetting, to tax and regulatory compliance, payments to partners in various payment methods in 196 countries and 120 currencies, partner payment status communications, payment reconciliation, and reporting.
Tipalti also offers advanced capabilities, including: fraud detection, early payments, multi-entity, and FX solutions. Tipalti integrates with performance marketing platforms to determine how much & when to pay partners plus all major ERPs & accounting systems for faster reconciliation and accelerated financial close.
What does Trolley do?
Trolley (formerly Payment Rails) is a payouts platform for the internet economy. Businesses use Trolley to automate and manage payouts, and collect recipient tax and banking information. Trolley enables mass payouts for online marketplaces, on-demand and sharing-economy platforms, ad networks, affiliate platforms, and app stores.
Features of Tipalti vs. Trolley
Although Trolley and Tipalti both help companies automate their mass payments processes, each platform is designed with different features and solutions. Here’s a look at some of the differences between Tipalti and Trolley.
End-to-end from requisition to PO creation, to payment and reconciliation
Limited invoice processing and payment capabilities
Streamlined workflow to automatically generate PO after purchase request is approved; allow custom fields
Attach vendor contract to the vendor profile; set automated reminders for early renewals and negotiation opportunities
No contract repository support
Visibility into the budget status when approving purchase requests. Automated sync of Actual budget status from NetSuite
Comparable in most features except for the Actual budget sync from NetSuite
Machine learning based header- and line-level OCR. Managed Services. 2- & 3-way PO matching, Invoice approvals, and actioning via email
OCR header-level only, no managed services, no machine learning.
Pay to 196 countries in 120 currencies, 6 payment methods, Money Transmitter Licenses
Limited payment methods: only available via cards and domestic ACH
Manage multiple entities with different processes and workflows, gain consolidated view. Instant reconciliation across methods, entities, geos, currencies, and payable workflows
Multi-instance. No branding, payment options, tax workflows, payment routing, approvers, etc. for each entity
Client-branded onboarding portal. 26K+ rules validate payments and reduce errors, screen against OFAC/SDN lists
No self-service supplier onboarding, no payment rules validations, no vendor portal
API-based integrations with major ERP and accounting systems. no-code, Slack
Comparable, gaps in NetSuite integration
KPMG approved tax engine – collect and validate IRS, VAT tax IDs, W-9, W-8BEN, VAT Details, 1099 & 1042-S reports, and calculate withholdings. Validates against 3,000+ rules
No Tax capability
Knowing Which Solution is Best for Your Business
Selecting the mass payments solution that fits your business’ needs is an important choice, especially for growing teams requiring a solution that can scale with their business. Your business may also need specific features such as multi-subsidiary capabilities, early payment options, fraud prevention, etc. Evaluate these feature differences to help guide your decision.
When to Choose Tipalti?
You are running a hyper-growth business, whether you are scaling domestically or expanding internationally.
You need a payable solution with built-in scalability to help future-proof your payable operations. As your company grows, your partner payment workflow complexities increase, including paying global partners, handling multi-subsidiary payables, and processing mass payouts. You also need to offer a vast range of localized payment methods to pay your domestic and global partners in their preferred payment methods and local currencies.
Tipalti’s end-to-end global partner payments platform future proofs your operations, so you don’t have to keep allocating more resources to payables as you grow. Tipalti’s Multi-Entity capability enables payers to manage a large number of entities within the same instance of Tipalti, allowing for centralized controls and financial reporting. Trolley does not have multi-entity capabilities.
Tipalti’s advanced capabilities also include KPMG-approved tax capability for IRS compliance, collecting and validating IRS and maintaining W-9, W-8 series forms, VAT details, generating 1099 / 1042-S preparation reports, and calculating any necessary withholdings.
While Trolley can only support foreign TIN number formats for US businesses, Tipalti supports local & VAT tax ID collection in 49 countries with a built-in tax engine that validates against 3,000+ rules to prevent ID errors & issues for non-US businesses. Additionally, for European countries, Tipalti supports document collection so partners can provide additional information when needed and self-billing invoices where partners must approve invoices before payments can be processed.
You want to attract & retain top partners with a superb payment experience.
Why does a best-in-class partner experience matter?
- Partners are customer-facing and affect your brand whether positively or negatively and digital-first companies like online marketplaces live and die by their brands
- The industry is highly competitive and you need to attract and retain the best partners
- Partner churn is costly
Digital industry players have to create a great partner experience to inspire loyalty. The various touchpoints that you have with partners are critical. In Tipalti research, we discovered that 74% of partners say they have or would have left because of payment issues. With Tipalti, it’s relatively easy to achieve a great partner experience.
You can quickly onboard new, eager partners with self-service partner management. You can easily white-label the Partner Portal which puts your brand front and center, not some payables or payments solution that they may not recognize. That way they feel comfortable dealing with someone who they know and trust, which is you.
You can collect all partner contact information to ensure a clean file and verify all their payment information and banking details which will reduce payment errors down the line. With Tipalti we perform over 26,000 checks and validate the partner payment data to ensure accuracy and reduce payment errors
With a self-service portal, they can check the status of their payments. “Where’s my payment” is the most common inquiry businesses get and with the portal connected to payment data, none of your staff ever need to answer the phone or respond to emails or twitter DMs. Instead partners can log in and view the payment status whenever they want. Portals can also be localized so that language barriers can be overcome.
Lastly, Tipalti’s end-to-end payables platform makes offering early payments easy and frictionless. With early payments built right into the payments process, partners can opt in with a few clicks, giving them faster access to cash to grow their business while earning you payment discounts for early remittance. Trolley does not have early payment capabilities.
You want to strengthen compliance and controls & reduce tax, fraud, & audit risk.
One of the key pillars of any growing organization is ensuring there is no fraud while maintaining tax and regulatory compliance. Since global partner payments involve direct access to cash reserves, it’s critical to institute proper controls and governance. Tax compliance is another crucial aspect as manually collecting and validating tax forms from partners is fraught with legal and financial risk.
With Tipalti companies strengthen compliance controls and reduce tax, regulatory, fraud and audit risk with built-in compliance and advanced financial controls. Tipalti has role-based security, audit logs, SOC compliance, GDPR Compliance, “Do Not Pay” blacklist and OFAC screening, VAT and tax ID document collection with a KPMG approved tax engine, and more.
Additionally, because Tipalti manages the end-to-end partner payments operation, we’re able to track a wide variety of relevant data points – contact details, account numbers, emails, and payments – to proactively uncover patterns that help identify potential fraudsters in your network. Leveraging AI, Tipalti Detect has blocked more than 7,400 payees resulting in $4 million in potential savings, cutting payment risk without any additional work required from you. Trolley currently do not have fraud management capabilities.
Tipalti solves the complex, highly-manual process of collecting tax information through digital capture directly during the onboarding flow, ensuring information is validated before payment is ever processed. We help ensure IRS tax compliance with KPMG-approved tax form data validation and withholding calculations. We also collect W-9, W-8 tax forms, validate IRS and VAT tax IDs, automatically calculate withholdings and generate 1099 / 1042-S tax prep reports with automated filing. Trolley’s tax capability is not KPMG reviewed & approved for IRS and may expose you to errors & added time from collection through to filing.
When to Choose Trolley?
You are a small & low growth business.
Trolley has had success with small & medium sized businesses but its solutions are relatively unproven at scale with large digital industry players with global partner payment workflows. Trolley is a small business itself with less than 100 employees and while it provides good support, it may have difficulty supporting your needs as you grow.
Companies may quickly outgrow Trolley as it has some product limitations that can lead to more manual effort & time spent on the financial close & payment reconciliation process. Trolley has limited integrations with performance marketing systems to directly tie performance analytics & data to partner payments, gain visibility into the complete publisher performance-to-pay lifecycle & easily sync onboarding data from publishers, affiliates, influencers, content creators, or other marketplace partners. Trolley’s ERP integrations are limited and via third-party connectors.
You do not run any operations outside of the US.
Trolley is working to expand its global tax compliance capabilities and currently does not have the ability to support local and VAT tax ID collection for businesses outside the US. All of its tax capabilities, including foreign TIN validation, help with IRS tax compliance only. Trolley launched an “Invoices” feature in April 2022 which might help to ensure compliance with global tax regulations for the situations & countries that require invoices. However, this invoice feature lacks the associated approval workflows and audit trails.
Trolley does not have multi-brand / multi-subsidiary capabilities to allow for independent branding, tax onboarding flows, partner communications, reconciliation, reporting, etc. per brand / subsidiary in global operations. It also does not have any advanced FX solutions such as intercompany transfers that save you time & money on currency conversions for payouts across global entities or FX Hedging to reduce FX volatility risk.
You & your partners are OK with slower payment remittance.
When it comes to paying your global partners, you want a proven & mature solution that will ensure timely payments with limited errors while ensuring financial and regulatory compliance.
PayPal is a payment method option for Trolley but it uses an Account Direction (AD) model, in which a business’ existing PayPal account is used to direct payments. This can lead to slower payments (usually 1-6 days) and higher exchange rates (3-4% per transaction). Plus, it hands over control of customer service to PayPal, with limited visibility & support available from the Trolley side if there are ever payment issues.
Additionally, Trolley relies on SWIFT Bank Wires for payment remittance into 153 markets, which typically takes 3-5 business days for payment to land. Lastly, Trolley does not offer the option for partners to opt in to receive early payments.
Tipalti streamlined international payments and compliance. As we continue to acquire companies, we can maximize these investments without compromising scalability or needing new approaches or technology.Phil Newell | Director of Finance IT, GoDaddy
When we started towards full automation, we decided to implement Tipalti across the entirety of our organization due to the ability to have the multi-entity set-up, the international payment set-up, and just the ease with how Tipalti handles this. If we open up any offices in the future, this is a system that we’ve got in place that allows us to do that, because it’s super simple to add another entity into the system, and then we’re up and running straight away.Bradley Clifford | Assistant Controller, Stack Overflow