What is Bookings and Deposit bookings? - Squared Apps
What is Bookings and Deposit bookings? - Squared Apps What is Bookings and Deposit bookings? - Squared Apps

What is Bookings and Deposit bookings?

What are Bookings? #

  • Bookings refer to the standard booking process where users are required to pay the full amount of payment at the time of booking to confirm their reservation.
  • This payment serves as a complete and final transaction, ensuring the booking is secured and confirmed.

What are Deposit Bookings? #

  • Deposit bookings provide users with the option to pay only a deposit amount at the time of booking to confirm their reservation.
  • Instead of paying the full amount upfront, users can choose to make a partial payment as a deposit to secure their booking.
  • After making the deposit payment, users are then required to pay the remaining amount of the payment at a later time.
  • This allows for a more flexible payment structure, particularly for higher-value services or events.

How does the Deposit Booking process work? #

The deposit booking process typically involves the following steps:

  1. User initiates the booking process and selects a service or event.
  2. Instead of paying the full amount, the user is prompted to pay a deposit amount to secure the booking.
  3. Once the deposit payment is made, the booking is confirmed, and the user receives a confirmation notification.
  4. At a later time, before the service or event date, the user is required to pay the remaining amount of the payment.
  5. After the full payment is received, the booking is considered complete.

The deposit booking option provides flexibility for users while ensuring the booking is secured. It allows them to make a partial payment initially and pay the remaining amount later, giving them more control over their payment schedule.