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Escrow Accounts

Are you facing pressure from your suppliers to ring fence money payable for forward bookings? Are you reluctant to pay suppliers in advance of your customers’ departure?

We offer escrow accounts  specifically tailored to the travel industry. Because we understand travel, we can set up an escrow arrangement with enough flexibility to:-

  • Cover multiple suppliers
  • Pay suppliers directly
  • Release funds in specified circumstances (eg where the supplier is insolvent, where you are insolvent, where customers have travelled or have cancelled their booking)
  • Make payments in any currency