The Payment Protection Fund applies to qualifying transactions between verified GLSN members. Coverage is designed to support recovery efforts in defined non-payment scenarios and operates within clearly established eligibility guidelines.
Coverage applies only to transactions between verified GLSN members
Claims are processed through GLSN’s appointed recovery and validation partners
Interest, fees, penalties, and goodwill losses are excluded
Transactions not reported within the defined timeframe may forfeit eligibility
GLSN members may be eligible for basic protection automatically, with the option to apply for enhanced coverage based on membership status and participation.
Standard protection applied to qualifying transactions
Coverage limits defined per claim
Included as part of GLSN membership following verification
Annual participation fee applies
Enhanced coverage limits per year
Optional enrollment subject to eligibility reviewTo remain eligible, members must follow the established PPF reporting and validation process. All claims are subject to review and confirmation before coverage is applied.
Invoice remains unpaid beyond the defined period
PPF Alert submitted through the GLSN reporting system
Validation and assignment to approved recovery partners
Coverage decision issued following review
REAL-WORLD EXAMPLES
A GLSN member experiences a qualifying non-payment on an eligible transaction. Following validation and confirmation, coverage is applied up to the applicable basic protection limit.
A GLSN member enrolled in enhanced PPF coverage reports a qualifying non-payment. After review, coverage is applied in accordance with the enhanced annual protection limits.
PPF ALERT
