What is a Seller of Travel Bond
A seller of travel bond (travel agent bond) is a form of insurance that must be purchased by travel agents. The surety bond ensures that the travel agent will handle money and transactions legally and ethically. If money is mishandled or fraud occurs, the customer will be reimbursed by the surety bond agency.
Before travel agents purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.