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 free, but inconvenient to keep track of all their handles. And when some people didn't have Venmo, we needed to use CashApp, and when some people didn't have either, I needed to resort to something else. But Dots brought ev

Why Paying Your Contractors On Time is So Important 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 timely manner. Some organizations will try to pay contractors in a way that is beneficial for their cash flow and accounts payable, but this often hurts contractor

The Best Methods for International Payments 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 right method often depends on the situation. If you’re a business that sends or receives international payments, you need to decide w

Dots Payouts API: What is it and How is Your Privacy Protected? 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 with the highest security and privacy standards. Learn more about the Dots API and how we protect the privacy of our users. Get Started with Dots Today A Brief Ov

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 are used to. Transaction fees, in that case, were not insignificant with 3% per transaction at a minimum and it required a lot of time and energy to manually manage payments, largely on phones by relying on one or two different

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 once we have their SSN, Date of Birth, and address on file. ID Verification with Persona After many requests, we've added ID verification through Persona as an optional flow step that yo

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 the attention of millions of adoring fans worldwide — just by being themselves and producing easy-to-digest content on social media! There’s something inherently down-to-earth about people you see on

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 the user creation and connection process, introducing transfers, and standardizing our endpoints. Read the Docs User Creation Improvements In V1 of the API, we would return a verification_id when the user was first created. This id c

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 to do a wire transfer. Wire transfers let you move money from one bank to the next without taking out cash or writing a check. They’re pretty efficient when done domestically, but what about cross-border t

Ways to Pay International Employees and Foreign Contractors With an API 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 clicks away. But one obstacle still prevents many companies from tapping into the international workforce: processing payments. Pay

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 so much we're trying to add it to more stuff! They're incredibly responsive and add requested features quickly. Brett Kushner, Don't Tell Comedy COO Don't Tell Comedy has built a network of independent comedy

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, address and date of birth, then have them connect their bank account through Plaid. Once onboarded, payouts can be made through the API or pre-authenticated flows with just t

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 access flow * Enabled RTP for certain payouts * Added tracking for RTP and certain ACH transfers * Improved sign up flow for existing users * Added multi-application support * I

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 accounts and other profile settings. Payout Requests Payout Requests allow you to send a dedicated link to your contractors, employees and even interns allowing them to submit a request for payment. This can be

💵Dots was part of the YC S21 batch. We built a developer-friendly API that lets businesses pay their contractors through just a few lines of code. Dots' manages the entire process: information collection (KYC), payments through any rail (ACH, Venmo, CashApp, Zelle, international, and many more to come), and even filing tax forms. Earlier this week, news broke of a Y Combinator letter sent out to all founders of YC companies. The contents of the letter went on to spark some debate on how much Y

Dots is excited to announce our new and improved Dashboard! While we push new features into production at Dots near daily, delighting our customers is truly our core KPI. So we've rolled out some highly requested features, all with a more beautiful experience. 📈Dashboard Features: - Insights into your payouts - Direct views into User and Transaction Data - Manual Payout Generator - API key and App Setting management - more to come :) Insights Our dashboard lets Dots' customers get valuable

The new Payout Links feature allows for payment between two parties with just a few clicks and no code necessary. Simply exchange a link and you can enable payout quickly and seamlessly. This link can be generated through the Dots API or through a dashboard. Payments can be sent and received using Dots’ integrated ledger and wallet system. Customers can choose to send or withdraw funds in a multitude of ways (payouts to Venmo, Paypal, CashApp, and many more), easily accessible from the Dots App

Implementing Dots even allowed our product to grow over 100% month over month!