HOW DOES IT WORK?
When a customer payment is made, funds are transferred to a trust account.
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.
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.