WeTravel Inc. operates in most cases as the Agent of the Payee. This means that WeTravel relies on regulated third-party payment providers, such as Stripe, to process payments on behalf of the Payee (the Organizer) and in doing so, WeTravel is responsible for making sure the Payee receives the funds they are due.
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WeTravel maintains ledger balances of all client funds to ensure they are available to clients when requested.
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WeTravel securely separates client funds across multiple holding accounts. This includes FDIC-insured financial institutions such as Wells Fargo or JP Morgan Chase.