FAQ - Frequently Asked Questions
Why should we trust Meeting Escrow?
#1) Comprehensive background checks are performed on everyone working with the company.
#2) Client funds are held in trust with the Canadian banking system, ranked as one of the most secure in the world.
#3) Client funds are not "commingled" (mixed) with any other client funds. Every client, every program and every vendor escrow has a separate account.
#4) Meeting Escrow carries $12 million of insurance coverage to protect you in case anything happens.
Does Meeting Escrow earn interest on funds held in trust?
No. Clients receive the interest generated.
Does Meeting Escrow invest the funds held in trust?
No, we do not invest the funds held in trust.
How does Meeting Escrow make money?
Clients pay us an annual fee based on the number of programs, transactions, and volume of funds that we handle for them. This is our only source of revenue. We do not earn interest on client trust funds nor do we invest these funds.
Does Meeting Escrow pay commissions for referrals?
Yes, we do pay commissions. In fact, for any referral of a new client that signs on with Meeting Escrow, the referring party will receive commissions for 3 years! Commissions do not affect client pricing.
Is Meeting Escrow's solution suitable for small programs?
Yes - it is not about the size of the program. It is designed for organizations seeking financial transparency, security and risk avoidance. Internationals programs are well suited for our Foreign Currency soltution and other financial services.
What are the signals that suggest Meeting Escrow can provide value?
#1) "Our DMC just closed its doors with deposits already paid, and we have a program to execute next week".
What are the benefits to hotels and DMCs?
#1) Reduce accounts receivables