Trolley Review
What is Trolley?
Previously known as Payment Rails, Trolley is a global payments platform designed to automate payouts to service providers and sellers around the world. The software makes it easy for businesses to simplify their payout workflows and send mass payments to over 200 countries and regions around the world.
One of the main features of Trolley is that the platform streamlines payout processing and sending. Businesses can use the platform to set up and automate customized payout approvals. Individuals assigned approval rights are emailed each time a payment is ready for approval. In this way, the platform also improves transparency on who approves each payment. In addition to transparency, the app also provides real-time payout monitoring, so users can easily track each payment’s live status.
Trolley is also designed to make tax compliance easy. Businesses can use Trolley to collect and complete tax forms according to IRS requirements. The platform can also help in generating year-end reports and validating TINs. Trolley also updates withholdings automatically according to tax regulations.
Moreover, Trolley comes with powerful features to provide security and protect businesses against risk and fraud. The platform makes it easier for businesses to comply with government regulations and local payment regulations. Payment recipients can also be automatically screened against global watchlists to further protect businesses. Bank-level security, two-factor authentication, and user roles and permissions provide added financial protection.
Another important feature of Trolley is that it is easy to use. Through the platform, businesses can easily collect and verify recipient information, validate bank accounts, and fulfill Know Your Customer requirements. Businesses can do this through a white-labeled portal for suppliers and contractors or by adding a Trolley widget to their websites.
To better fit into businesses’ workflows, Trolley seamlessly integrates with various third-party applications for accounting, ecommerce, and CRM. The platform also comes with three different paid plans to meet businesses’ different requirements.
Show MoreOverview of Trolley Benefits
Automated payments to an extensive global network
With Trolley, you can automate mass payments to suppliers, vendors, and contractors in 200 countries and regions around the world. Businesses can set up their own workflows and approval rules to ensure payments go through the right approval process. For added convenience, the platform can automate payment tracking and the handling of returned payments.
Efficient management of payment recipients
Trolley provides a fast easy signup experience for payment recipients like suppliers and contractors. Through this portal, businesses can collect and verify bank and tax information to meet Know Your Customer requirements. You can customize this portal with branding or you can choose to add Trolley’s Recipient Widget to your website.
Hassle-free tax compliance
The platform also automates various tasks involved in tax compliance. Using Trolley, you can speed up form collection, tax information validation, and withholding calculations. By automating these tasks, Trolley can ensure that businesses can achieve IRS tax compliance.
Easy compliance with payment regulations
Trolley also helps ensure that businesses meet government regulations and local payment rules. The platform also has a built-in compliance engine that checks individual recipients and entities against global watchlists. This can help businesses mitigate risk and even avoid fraud while maintaining payout compliance.
Robust security features
Trolley uses various features to ensure the utmost protection of businesses and their supplier data. Among these features are bank-level, 256-bit encryption, two-factor authentication, and passwords and API secrets. Users can also be assigned five different roles, including admins, owners, and read-only users.
Show MoreOverview of Trolley Features
- Automated mass payouts
- Real-time payout monitoring
- Foreign exchange tracking
- Instant payouts (Eurozone and UK only)
- Email notifications of payments
- Customized approval workflows
- One-platform reconciliation
- Available in over 200 countries and regions
- Tax form collection
- Tax reporting
- IRS tax compliance
- 256-bit data encryption
- Automated withholding calculations
- Built-in fraud screening
- Risk mitigation
- Bank account validation
- Returned payment handling
- Recipient widget
- White-labeled onboarding portal
- AML watchlist screening
- Bank-level security
- Two-factor authentication
Trolley Position In Our Categories
Because businesses have their own business-related requirements, it is logical that they steer clear of selecting an all-encompassing, ”best” solution. Needless to say, it is futile to find such a software solution even among popular software systems. The right thing to do is to list the different key functions that demand analysis including major features, plans, technical skill aptitude of staff, business size, etc. Next, you should perform the research systematically. Browse through some of these Trolley review articles and look over each of the software programs in your list more closely. Such comprehensive research ascertains you steer clear of poorly fit applications and buy the system that delivers all the function your company requires.
Position of Trolley in our main categories:
TOP
50
Trolley is one of the top 50 Payment Gateway Providers products
TOP
20
Trolley is one of the 20 Tax Software products
There are popular and widely used systems in each software category. But are they automatically the best fit for your company’s special requirements? A popular software solution may have thousands of users, but does it provide what you need? For this reason, do not blindly invest in popular systems. Read at least a few Trolley Payment Gateway Providers reviews and think about the elements that you desire in the software such as the cost, main tools, available integrations etc. Then, select a few apps that fit your needs. Try out the free trials of these products, read online comments, get clarifications from the seller, and do your research thoroughly. This in-depth groundwork is certain to assist you choose the best software solution for your firm’s special needs.
How Much Does Trolley Cost?
Trolley Pricing Plans:
Free Trial
Grow Plan
$49/month
Platform Plan
$199/month
Enteprise
Custom pricing
What are Trolley pricing details?
Trolley Pricing Plans:
Free Trial
Grow Plan
$49/month
Platform Plan
$199/month
Enteprise
Custom pricing
Trolley is available in three paid pricing plans: Grow, Platform, and Enterprise. Below are more information on how much each plan costs and what they include.
Grow Plan – $49/month
- Unlimited Users
- Unlimited Recipients
- Unlimited Payments
- Phone, Email and Live chat Support
- Recipient Portal & Widget
- CSV file uploads
- Notifications (email, text, Slack)
- Reporting
- Bank Account Validation
- Send PayPal Payouts
- Low FX Rates to 135+ currencies
- White-Label email notifications to recipients
- AML & Compliance watchlist screening
- White-label email requests for missing recipient data
- REST API Access
- Zapier integrations
Platform Plan – $199/month
- All Grow Plan features, plus:
- Multiple currency balances
- W9/W8 Tax Form Collection
- 1099-MISC and 1042-S End of Year Tax Statements & E-FILE generation
Enterprise – custom pricing
- All Grow and Platform Plan features
Trolley also offers per-transaction pricing to businesses that make more than 500 payments or send more than $100,000 in foreign exchange each month.
For bank transfers, Trolley offers the following pricing structure:
- To Europe EUR (local SEPA transfer) – 1.00
- To United Kingdom GBP (local Faster Payments transfer) – 1.00
- To 35+ other major countries (local bank transfer) – 4.00
- All other countries (Swift bank wire) – 10.00
User Satisfaction
Positive Social Media Mentions
54
Negative Social Media Mentions
6
We realize that when you choose to get a Payment Gateway Providers it’s important not only to find out how professionals rank it in their reviews, but also to find out whether the real clients and enterprises that bought these solutions are indeed satisfied with the product. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Trolley reviews across a vast array of social media sites. The information is then displayed in a simple to digest form revealing how many users had positive and negative experience with Trolley. With that information available you will be ready to make an informed purchasing decision that you won’t regret.
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
- Open API
Language Support
- English
- Chinese
- German
- Japanese
- Spanish
- French
- Russian
- Italian
- Dutch
- Portugese
- Polish
- Turkish
Pricing Model
- Monthly payment
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Trolley?
Trolley integrates with a wide variety of third-party software for accounting, CRM, productivity, and email and messaging. These apps include:
- Xero
- Quickbooks
- SendGrid
- Twilio
- Shopify
- Asana
- Trello
- Salesforce
- Zendesk
- Todoist
- Google Sheets
- Zapier
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