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Trust and escrow services don’t just support the financial protection demands of the travel industry. They have an equal place in any sector that takes payment in advance for goods or services being provided in the future.
Bespoke trust and escrow services can protect consumers against the risk of the seller’s insolvency in these types of transaction:-
Festivals – where money paid by consumers is held separate from the festival organiser’s own funds until after the festival has taken place.
Music events, theatre and attraction tickets – where money paid by consumers is held separate from the ticket agent’s own funds until after the event has taken place.
Gift cards and vouchers – where money paid by consumers is held separate from the shops’ own funds until after the value of the gift card or voucher has been redeemed against goods or services.
Train ticket sellers – where money paid by consumers is held separate from the train ticket agent’s own funds – on trust for the train operating company – for the period of validity of the ticket.
As the financial protection of the sales of these types of service are largely unregulated, trust or escrow arrangements can be tailored to the specific needs of a seller or buyer. Contact us for some suggestions as to how.
Serenity Travel Trusts
Suite 2, Realtex House
Leeds Road
Rawdon
Leeds
LS19 6AX
