Travel used to be high risk; not its ultra high risk

Why, after Covid, is acquirers’ appetite for travelling about risk rather than reward (or at least security)? Merchant acquiring for the travel industry finds itself at a crossroads after the impact of Covid over the last two years. Acquirers have lost money, seen many travel merchants go out of business or had their balance sheets […]

The rapid rise and rapid decline of Buy Now Pay Later

So what will be the BNPL killer? As we seem, certainly in the UK, to be teetering on the edge of a recession, there have been a lot of talks recently about the rapid rise and potentially rapid decline of Buy Now Pay Later. I will say from the outset that I’m not a fan. […]

The travel industry is finally pivoting towards trust accounts

The UK’s top package holiday companies have said that it is “inevitable” that the trade will have to segregate customer money in a separate account if the Atol system is reformed. The Civil Aviation Authority (CAA) is currently considering more than 300 responses to its consultation on potential reforms to Atol and wants customer payments […]

Frequently Asked Question: How can I protect my business against fraud?

Travel is a high-value industry. Unfortunately, this attracts criminals who are growing ever more sophisticated in their methods. We’ve outlined a few ways you can protect your travel business from fraud: If you’re not doing so already, track customer registrations such as contact details, nationality, date of birth, payment details and other information to help […]

How to tackle fraud as a Travel Merchant

Add Your Heading Text Here Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Not all payment methods are built equal Online payment fraud is growing across the […]

Frequently Asked Question: Why should I consider using a trust account?

Demand for trust accounts has grown considerably over the last year as more travel companies recognise their benefits. The pandemic highlighted significant financial protection failings, and for some time, travel providers were plunged into payment-related chaos. Sadly, this chaos led to insolvency for a portion of travel providers. Additionally, the situation had a knock-on effect […]

Rethinking Risk

How trust accounts will reduce risk for the travel industry The pandemic revealed that the travel industry has a problem with risk and liquidity. When travel providers received a tidal wave of refund requests when the COVID-19 pandemic began in early 2020, it was clear that travel payments and their associated risk needed a rethink. […]

Travel Trust Accounts – Cashflow Nightmares or Sensible Business Strategy?

For many travel companies, especially start-ups and small businesses, trust accounts provide the only available and affordable solution to meet the Package Travel Regulations – especially if having a merchant account is a requirement. At Trust My Travel we often get told by prospective members that their businesses simply cannot operate with the cash flow […]