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by Alex_vod » Fri, 27 Feb 2015 12:26 am
Hi everyone and thanks for so many posts.
I'm sorry but I try to do all clear. For this reason, a simple scheme below regarding money flows.
1) Client --- a company in Singapore - - Hotel. This merchant model. What we want and what is Agoda have.
2) Client --- --- Hotel ---- company in Singapore. This agency model. Example Booking com.
Looking at figure 1, I ask myself - why I can’t find on the list Agoda Company as TA on TRUST page?
The answers may be few:
- There is another sister company (registered in Singapore) through which the money flows go and the company have TAL
- There is another sister company (not registered in Singapore but somewhere) in through which money flows go.
Why I want to have the first model?
- It is safe for me, because hotels often do not pay commission. I know, I'm work before with Booking com =(
- It is safe for customers, payment and banks systems more safer in Singapore than in other countries. This is the reason why we opened a company in Singapore.
Why I do not want to open the TA right now?
Now at this stage to spend 100K and increase costs ...? A bit difficult for us.
But as I wrote above, we are not looking for a way around, only legal solution we want.
PS. Sorry for my English.
PSS. Yes, we have a company in another country.