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.

Take a Look at Other Related Topics

  • travel-software

    March 5, 2019

    Meet The PTS Travel Software Package

    Membership with Protected Trust Services (PTS) provides access to a complete online software package. The software includes a full Client [...]

  • vote-for-pts

    February 6, 2018

    VOTE FOR PTS – TTE Disrupt Awards

    We are delighted to be shortlisted for the finals of The Travel Technology Europe Disrupt Awards Over 150 travel tech [...]

  • travel-suppliers

    November 28, 2017

    The Freedom To Add Your Own Travel Suppliers

    The ability to add your own travel suppliers is imperative to many tour operators. However, most travel software solutions will [...]