# 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

1. **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.
2. **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.
3. **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.
4. **Transparency for Customers**
   * Customers are informed of their deposit requirements upfront during the booking process.