PMS 307 00/134/182 HEX 0886B6 PMS 511 94/39/80 HEX 5E2750 PMS 7467 00/168/180 HEX 00A8B4 PMS 368 105/190/40 HEX 66CC33 Commission Payment Process.

Slides:



Advertisements
Similar presentations
June, 2011 Account Setup. Travelport Confidential2 Get started in 4 easy steps Step 1 Determine your account structure Step 2 Setup the required PayPal.
Advertisements

Making Payments with PayPal is Fast, Secure, Easy and Free! Contents - Step-by-step Guide to Make a Payment with PayPal Page 2-6Step-by-step Guide to Make.
Upay User Guide
1 AIM FX Presentation October 3, 2006 Marsha Sompayrac SunTrust Bank.
CONFIDENTIAL Copyright © 2010 Constant Contact, Inc. 1.
What Is SmartPay? confidential & proprietary.
1 Paying it Safe everything you need to know about making the billing and payment process efficient and painless Kimberley A. Kercheval Executive Associate.
Farm Service Agency Lender’s training for Electronic Submission of Guarantee Fees Implementation Date: September 23, 2009.
Guide to My NetTeller. My NetTeller Provides a dashboard style view of NetTeller Options. An alternative, customizable landing page for the end-user.
1 Patricia Ho Non Air Marketing Net Trans Commission Vendor.
1 Payables Efficiency Through… Access Online PAYMENT PLUS.
E-Business Technologies Changzhe Yin 2010/12/17. Contents  Introduction  Concept  Process  Business Usage  Conclusion.
There are many different ways of making and receiving payments. MAKING A PAYMENT Cash Cheque Credit cards Debit cards Direct debit Credit transfers.
Methods of payment on business trips From booking flights and accommodation to paying for meals, there are a variety of different payment methods available.
User Guide. Service Benefits  Full on-line management of client accounts  Paperless direct debit – no signatures required  Standing orders fixed not.
UAlbany’s web payment and refund system
Macroeconomics and Its Influence on International Trade.
Payments Evolution Introducing FlashPay Name: Yuval Ziv Position: VP Business and Operation Company: Gate2Shop
The Euro CGG3O. The Euro The euro is the official currency of the eurozone –17 of the 27 member states of the European Union –Austria, Belgium, Cyprus,
Spot and Forward Rates, Currency Swaps, Futures and Options
INBU 4200 INTERNATIONAL FINANCIAL MANAGEMENT Lecture 5 Topic: Quoting Currencies.
The Budget Template is a CSTA product in partnership with Organisports.
FOREIGN EXCHANGE CGG 3O.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 17 SLIDE Banks and Other Financial Institutions 17-2.
Introducing PayOnline – The Quick and Easy Way To Pay Student Fees.
Send Money Instantly Save Money. Save Time..
CitiManager Cardholder Self- Registration
Accepting Credit Cards on your Website. If you are building an online shop, you will need to address the question of taking payments for orders. You can,
1 in 10 people around the world are directly linked to remittances* 2015F Global transfer market = $608bn,
Material Taken From: Mathematics for the international student Mathematical Studies SL Mal Coad, Glen Whiffen, John Owen, Robert Haese, Sandra Haese and.
Lancaster University Year Abroad 2013/2014 Student Funding Service Colleges and Student Life Student Based Services Diane Shipperd Student Funding Adviser.
March 25/26 Announcements Due: 4/2/15
Spring 2012 Company Introduction. 1 About Sceptre Sceptre is a technology company based in the financial district of the City of London with offices in.
1 CHAPTER 7 CURRENCY FUTURES AND OPTIONS MARKETS CHAPTER OVERVIEW I.FUTURES CONTRACTS II.CURRENCY OPTIONS.
Unit 1 Topic  Must learn: the concept of exchange rates & how to calculate exchange rates  Should learn: how exchange rates work and how they.
EXCHANGE RATES Examples. Floating, creeping, and sinking exchange rates.
Upay User Guide
Upay User Guide WELCOME TO UPAY This guide aims to help you use the upay website. You will receive a welcome from Wolfson College.
At the login page, you will enter the following: Click “Logon” Do not use dashes in User ID.
©2008 TTW Where “Lean” principles are considered common sense and are implemented with a passion! Product Training Cash and Cash Management.
Risk and Derivatives etc. Dr Bryan Mills. Traditional (internal) methods of risk management External: – banks, etc e.g. hedge, options, forward contracts.
 Converting Currencies Assign Yourself: Data Collection due to Ms. Griffith’s by 11:59PM tonight, 10/9!
FOREIGN CURRENCY Slideshow 14.
C4Home Paid Services PayPal 1.Cross-broader Transaction Fee: 3.9% + ~ $10NTD each 2.Transaction Fees (USD to NTD): 4% 3.Buffer: 2% Total: Paypal takes.
To calculate daily cost of a package plan $ per night $95.00 dinner meal plan $ per night x 3 = $ Tax & Service Gratuity 25% $1065 for.
Making Global Games Local: Creating Player Delight through Internationalization Brian E. Taptich Vice President of International Development May 22 nd.
PayPal™ Options Basic description for utilizing PayPal™ for payment options for your chapter The following PayPal™ information was graciously provided.
Deposit Accounts Created By: Laura Kinchen. Two Categories:  Transaction deposits An account that allows transactions to occur at any time and in any.
Execute sales transactions. Sales transactions include: Cash or check Debit card sales Credit card sales Layaway sales On approval sale Cash-on-delivery.
WEX Europe Travel Solutions
Adding value, inspiring innovation Insurance. Currencies – Set Up Any of the 182 world recognised currencies can be used on Brokasure Enterprise. Currencies.
Deposit Accounts. Two Categories: Transaction deposits  An account that allows transactions to occur at any time and in any number. AKA demand deposits.
Banking By Rahul Jain By Rahul Jain Next Slide. Aim of Lesson To understand the services provided by a bank. Previous Slide Next Slide.
Upay User Guide WELCOME TO UPAY This guide is aimed to help you to use the Upay website. To launch Upay you will need to navigate to
3M Partners and Suppliers Click to edit Master title style USER GUIDE Supplier eInvoicing USER GUIDE The 3M beX environment: Day-to-day use.
Mobile Money 1/37 Fiserv Mobile Money Staff Education © 2010 Beavercreek Marketing, a division of Beavercreek Inc. All rights reserved. All trademarks.
Why Do Nations Trade? Absolute advantage – a person or nation has an absolute advantage when it can produce more of a given product using a given amount.
1 Offshore Market and its Evolution. 2 Classification of Financial Markets 2.Offshore markets:- –Offshore or external markets are those in which traded.
Payment Options Water/Sewer Bills City of Fernley | October 2007.
© 2014 PayPal Inc. All rights reserved. Confidential and proprietary. Can Security and Agility Co-Exist? Arizona Technology Summit 2014 Scott Carlson –
Paypal PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. With a PayPal account, you can send and.
What if you could…Multi Currency Concept
Geometry, Measurement and Finance 10
Danesh EXCHANGE IN Melbourne
Discover 2018 Las Vegas June 19-21
Currency Conversion Questions
BANK RECONCILIATION STATEMENT
1. A train ticket costs €30. How much would the ticket cost in Australian dollars, given €1 = $1·52 €1 = $1∙52 (×30) €30 = $45∙60 Note to Teacher:
Currency Conversion Questions
Exchange Rates Currency Markets
Presentation transcript:

PMS /134/182 HEX 0886B6 PMS /39/80 HEX 5E2750 PMS /168/180 HEX 00A8B4 PMS /190/40 HEX 66CC33 Commission Payment Process

Central Commission Payment for Agents How and when do I receive my commission? Travelport will pay you a commission for each booking made with a Supplier via Rooms and More, provided that booking is not subject to a cancellation or no-show. An estimated amount will be shown at the time the booking is made, however you acknowledge that this is an estimate only based on rates and amounts at that point in time, and not a guarantee of the marketing fee you will receive. At the end of each month, Travelport will receive all such fees across all suppliers, and reconcile these against your bookings, across all providers. The actual amount due to you for your bookings is calculated at this point, taking into account any cancellations, changes in length of stay, number of travellers, changes to rate/room type, or any other additional items that may impact the amount you are paid. Only those bookings, where we have received payment from the supplier and where the traveller’s stay dates have passed, and there has been no cancellation, will be reconciled for payment. For example:- Commission will be paid days from the end of the month that the booking was consumed. Ie: A booking made on June 24, stay on july 20th. all consumed [traveler stayed] bookings will be processed starting on august 1st. from there, it's days. We will be looking to reconcile what we owe to agents at the end of every month, so depending on what bookings were consumed (hotel stays no cancellations) then depends on whether those fell into that batch payment. The actual amount is calculated at the time, and Travelport (Sprice) will, upon reconciliation, distribute these funds via your Paypal account. Unless Travelport (Sprice) receives, and pays, the amount owed in your local currency, your final amount, in your local currency, may fluctuate dependent on Paypal’s exchange rates at the point at which the funds are withdrawn from your Paypal account into your local bank account. Travelport Confidential2

Travelport will use the Paypal Mass Pay Product Paypal Mass Pay is: –A quick, efficient and flexible way for Travelport Rooms and More™ to be able to send funds across a vast number of countries globally. –An easy and inexpensive means for agents to receive their commissions. These next few slides provide a step by step example, outlining the process for agents receiving their commissions. We send payments in batches to all agency PayPal accounts who are owed commission. NB:- PayPal account creation is covered in the Travelport Rooms and More User Guide and the Account setup guide. Travelport Confidential3 There is a nominal fee associated when using Mass Pay to send payments. This fee is 100% borne by Travelport Rooms and More™ Good to know

How Travelport will be sending commissions Whilst Travelport Rooms and More™ sends commissions automatically, this screen is an example of the process we use when sending commissions: We select the country we are paying to, the amount, and the currency we are sending it in. At launch, we will be sending funds in 1 of 4 currencies: USD Euro GBP SGD Travelport Confidential4 Example screen

How Travelport will be sending commissions cont After funds have been successfully sent, all agents/agencies being paid will receive an notification from PayPal alerting them that their payment has arrived. Upon receipt of the , Agencies can determine how they would like to receive the funds. Travelport Confidential5 Example screen

How agents receive and withdraw commissions Upon login, agents will see that they have received a new payment. Agents are able to choose what they do with this payment: –Accept/Decline –Accept in the currency it was sent in (1 of 4 that Travelport Rooms and More sends it in) –Accept in local currency (agents are free to choose when they convert to local currency). Travelport Confidential6 Example screen

How agents receive and withdraw commissions cont Having accepted their funds, Agencies are able to see the details of the transaction, including the exchange rate used for conversion into local funds. Agencies are then able to withdraw their funds. If Agencies need to withdraw from their PayPal account into an account in a different currency, the Paypal exchange rate is used to calculate the conversion: –All banks apply a premium on top of the market exchange rate, typically in the neighbourhood of 4%, plus wire/service fees. –Paypal applies only a 2.5% premium and no additional fees, resulting in ~40% cost saving over other alternatives Travelport Confidential7 Example screen

Sample statement/self billed invoice Travelport Confidential8 Agencies will receive a statement/self billed invoice from Travelport via each month. The statement shows a summary of payments by supplier. Agencies are directed to Travelport Rooms and More for a full breakdown. This is contained in the booking history.

PayPal currency support Paypal has the largest non-bank, non-wire transfer footprint for sending funds globally. The following slides outline the service levels available on a per country basis. Travelport Confidential9

Currencies supported by PayPal Canadian Dollar Euro British Pound U.S. Dollar Japanese Yen Australian Dollar New Zealand Dollar Swiss Franc Hong Kong Dollar Singapore Dollar Swedish Krona Danish Krone Polish Zloty Norwegian Krone Hungarian Forint Czech Koruna Israeli New Shekel Mexican Peso Brazilian Real (only for Brazilian users/merchants) Malaysian Ringgit (only for Malaysian users/merchants) Philippine Peso New Taiwan Dollar Thai Baht Turkish Lira (only for Turkish users/merchants) Travelport Confidential10 PayPal accounts may be setup in these currencies, unless the Country is restricted (see following slides) Please note that Travelport will transfer money into these accounts in the following currencies: Euro British Pounds US Dollar Singapore Dollar Agencies may wish to consider exchange rate implications when deciding on the currency for their business. PayPal accounts may be setup in these currencies, unless the Country is restricted (see following slides) Please note that Travelport will transfer money into these accounts in the following currencies: Euro British Pounds US Dollar Singapore Dollar Agencies may wish to consider exchange rate implications when deciding on the currency for their business.

More information signup-countries-outside Travelport Confidential11

Creating a PayPal account Travelport Rooms and More uses a product of PayPal’s called “Mass Pay” which allows Travelport (Sprice) to send out payments to account holders in batches, after all commissions from all providers have been consolidated. A PayPal account is required to receive commission, and therefore, if the user does not have an existing account, they will need to create one. To create a PayPal account, visit –Upon arrival, select “Sign Up” –On the next page: Agencies may use a Personal PayPal account for receipt of commission Agencies may use a PayPal Business Account. –For level 1 Countries, when creating a Business Account, after arriving on the next page, select the “Web Payments Standard” product from the drop down, and proceed. Complete all information. –For level 2 Countries, complete all information as instructed on the screens. –A PayPal account needs to be linked to the bank (or method as per the options provided) where the commission funds are to be sent, but can be set up at a subsequent date. Travelport Confidential12