Send Mass Global Payments to Musicians and Talent
Many Artists have streaming revenue from major platforms like Spotify and Apple Music. With Dots, music distributors can ensure that artists are receiving reliable and accurate royalty payouts from these platforms. Our API makes the process of collecting and tracking streaming revenue simple and hassle-free.
Music distribution companies using the Dots payout platform can monitor streaming platform royalties in several ways. You can see who has received payments, see when the payments were received and find out how much artists have been paid. This payout tracking allows you to make sure artists and labels are getting the proper share of streaming revenue. It also makes it easier to track for tax purposes.
A Simple Way for Music Distributors to Pay Artists
Put simply, Dots is an easier way for music distributors to pay artists. Music distributors need a quick, easy, and secure way to pay artists in a timely manner. That's why Dots is the ideal solution.
Along with all of the benefits we've mentioned so far, Dots also enables international payment processes. This means any artists you have from other countries can even choose to get paid in their currency of choice as Dots facilitates the currency exchange automatically. Artists simply need to choose their preferred currency and their preferred payment processor and it will be sent through your secure white-labeled Dots payment platform.
All it takes is a few clicks for an artist to get paid in your payout ecosystem. Dots eliminates many of the complications and challenges that music distributors face with building a payment infrastructure. Why not use a simpler solution that eliminates work on your end and makes artists happier?
Easily Collect and Verify Tax Information
Collecting and verifying tax information for each artist is essential when paying out music royalties. That's why our API makes it easy to automatically collect and verify tax information for everyone using your payment platform. Dots will auto-generate forms for you, or you can upload your preferred forms to the platform. You can count on Dots to manage 1099, W-9, and W-8 BEN forms for you. Dots also takes care of compliance, automatically managing KYC and KYB regulations for artists on your platform.
Dots will also integrate with your accounting platform, allowing you to auto-collect all of the information in your existing software. When tax information can be easily collected, your artists can get paid faster, and you can ensure your tax data is in order come tax season.
Quickly Implement Our Secure Solution
Dots is a highly secure solution. Our bank-level security and encryption ensures that your data is safe and your royalties are sent seamlessly and securely. Developing in-depth security measures for your own payout platform can be incredibly time-consuming. Dots provides an out-of-the-box solution that your developers can seamlessly integrate into your workflows in minutes. In minutes, you'll have a secure solution that makes the payment process easier for everyone involved.
Automate 1099 Tax Reporting and Filing
Managing the tax-filing process for expert network payouts can be time consuming and hard to manage. But with Dots API you can easily automate your 1099 tax filing and reporting. Dots can also take care of W8-BEN and W9 forms. Dots can integrate with your accounting software to ensure taxes are accurately calculated and filed.
You can also upload your own 1099 forms or let Dots generate them automatically. Staying compliant is essential, and Dots helps you manage the hardest parts. You also don't have to worry about KYC or KYB compliance with your expert network payouts - we'll take care of that too. With Dots, you can ensure you're always ready for tax season.
See What Our Customers Are Saying
Founder & CEO, Zappy
“Dots' full wallet management solution allows us to manage complex money flows between multiple parties. Their one click payments and payouts integration works great and offers us the flexibility and control over funds just like an in house solution. Our users can pay and get paid in the way they want. Implementing Dots even allowed our product to grow over 100% month over month!”