Solution overview

HOW DOES IT WORK?

Trust account

When a customer payment is made, funds are transferred to a trust account.

Risk period

Funds are held during part of the ‘credit risk period’ (between customer booking/payment and customer travel) and released an agreed number of days before travel. Your payments provider agrees the trust parameters, including net days exposure, with you directly.

Database

Our database maintains a full list of payments and travel bookings and determines the dates to release funds.

A NEW PATH

Avoid jumping through the usual hoops to balance risk. Use Trstpays to remove risk

FOLLOW THE MONEY

  • Your payments provider will administer the day-to-day management and communications for funds placed into the trust and funds remitted by the trustee.
  • You can view transactions in your trust account including balances, receipts and payouts.
  • Only you can set up payments out of the trust account. And only our trustee can approve them in line with the agreed rules.
  • Your payments provider will keep track of individual customer transactions and be able to account for all funds in the trust account.

IN A 4-PARTY PAYMENT SYSTEM

BRINGING YOU ON BOARD

1

Further questions?

Contact us to set up a call or meeting.
2

Kick start

Just give us the go-ahead to get started. We will need your company name and forecast annual volume.
3

Trust partner

Our trust partner, PT Trustees Ltd will share drafted trust deeds and a toolkit for implementation.
4

Commercial agreements

Discuss, agree and receive new and better terms with your preferred payments provider. Receive quotation for our service.
5

Onboard process

Your preferred acquirer will share details about their onboarding process.
6

Go live

3-way deeds and service agreements need to be signed between the acquirer, the Trustee (PTT Ltd) and yourself. Then onboarding can start.

Our panel of payments providers is ready with a better deal for you!