4 Ways To Build A Better Payments Strategy 

  4 Ways To Build A Better Payments Strategy  It has never been more critical to offer your customers a frictionless payment experience. Post-pandemic, all players in the travel industry have had to face one undeniable fact: digitisation is the way forward. For some travel firms, digitisation was already happening pre-pandemic. But for others, a […]

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 […]

Why should I consider using a trust account?

    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 […]

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…

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 […]