Deposits
Deposits in Loopit are a flexible and secure way to manage upfront payments for car subscriptions and rentals. They serve as a safeguard against potential damages, excess charges, or unpaid invoices. This feature provides a seamless process for configuring, collecting, and managing deposits, ensuring both you and customers have a clear and transparent financial agreement.
Key Features of Deposits
Customisable Deposit Amounts
You can set a default deposit amount for all bookings.
Deposits can also be adjusted on a per-customer or per-booking basis, offering flexibility for individual circumstances.
Secure Collection and Management
Deposits are collected during the booking process and stored securely within your payment provider.
Payment methods such as credit cards and direct debit are supported.
Editable Refund Amounts
When processing a refund, you can choose to return the full deposit or a partial amount.
This flexibility is useful for covering damages, excess mileage, or other costs before refunding the remaining balance to the customer.
Transparency for Customers
Customers are informed of their deposit requirements upfront during the booking process.
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