The Top Alternatives to Trolley

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’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.

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’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:

Standard

• 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

Volume Discount

• 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 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.

Why does a best-in-class partner experience matter? 

1. 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
2. The industry is highly competitive and you need to attract and retain the best partners 
3. 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.

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. 

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.

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.