Remittances

How to claim and receive your profit payments from the Trust Account with the PTS Software.

Call 020 7190 9988 to discuss your business requirements or Book A Demo

Receive Profit

Profit paid to you automatically once your client has returned from their booking.

In Advance of Travel

With our Insurance policy in place, receive your profit in advance of the client’s travel date.

Automated

Date driven automated profit calculated for you within the PTS Software.

As the PTS Software reconciles each credit and debit transaction in and out of the trust accounts, each clients booking displays to you the live balance of money in trust. Once all suppliers have been paid from the trust account for a clients booking, you are able to claim your profit remittance from trust with a simple toggle button. Once you have toggled On to claim the profit, the PTS Administration department are notified that you wish to claim the profit and then reconcile the booking to a zero balance.

The Software will calculate your profit on each client booking based on all payments made out of trust plus PTS fees, plus any supplier failure insurances applied. The residual is your profit and will be checked the same working day by PTS Administration as well as the Trustee’s, before being sent to your business bank account as early as the same working day.

There is no requirement from PTS for you to complete any complicated forms or declarations to allow you to claim your profit.

The PTS Supplier Failure Insurance (SFI) allows you to claim your profit up to 30 days in advance of the clients’ travel date as long as all supplier payments have been made from trust. If PTS have not paid all suppliers from trust for any given client booking, then profit can not be claimed until the client had returned from the holiday/booking they placed with you.

FAQs

When can I get my profit?

You can receive your profit on bookings upto one month in advance of the clients’ travel date.

Where can I ask PTS to pay my profit?

PTS pay your profit into your business account in your companys’ name.

Can I decided when to claim my profit?

Yes, on the PTS Software you can decide what bookings to receive profit remittance payments for and when.

Can I manage the profit due to me?

Yes, you can either claim profit prior to travel or automatically have your profit paid when the booking has completed.

Call us on 020 7190 9988 to discuss your business requirements or Contact us.

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