Gross settlement

100% settlement of card payments to comply with travel regulations

Settlement of 100% of consumer card payments to bank account with separate billings. Felloh partners with merchant acquirers to provide gross settlement, meaning 100% of the value paid by the customer is deposited into your bank account. This is particularly useful for travel businesses that need to settle funds into trust or segregated accounts. Payment processing fees are billed separately and paid via direct debit from a trading account.

About gross settlement

Felloh partners with merchant acquirers that can settle transactions at gross value rather than net. Travel businesses can settle funds into trust accounts or segregated accounts at 100% of the value paid by the customer and pay via direct debit from a trading account for the fees. About gross settlement‍ With gross settlement, travel businesses receive the full value of each transaction directly into their trust or segregated account. Instead of deducting processing fees from the settlement, the fees are paid separately, ensuring compliance with trust account requirements under the Package Travel Regulations.

Why Gross settlement

Gross settlement is essential for travel businesses that follow the trust account model for customer funds protection, required under the Package Travel Regulations

It ensures that 100% of the customer payment is settled into a protected account, preventing any reductions due to processing fees

This method simplifies compliance with the regulations by segregating fees and ensuring the trust account holds the full amount necessary for refunds if needed

What Our Experts Say

Gross settlement is a requirement if you're running a package travel regulations compliant trust account. This allows you to protect 100% of the funds paid by the customer whereas net settlement from payment processors would reduce the amount of each transaction that is settled to your trust account.

Elliot McDonnell

Customer Operations Manager

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