How to take damage deposits
I have been managing my property on AirBnB for about a year now and it's been great. When I first started I thought I would also advertise on Booking.Com but since I never did the address verification I had no bookings. I decided to sent the code in and now I have bookings!
I am using payments by BDC but I need a way to ask for damages deposit and while there are tons of pots on the board talking about it, there does not seem to be a clear conclusion. I can't collect cash sinc I am not always there at the apartment when guests arrive and depart.
I am now thinking of asking for money via Paypal and when they leave and all is well, just refunding them. It should be okay but annoyingly if I say I ask for a $500 deposit, then I am going to out the payment charge of something like 2.2% of the deposit which will be my cost of acceptance of the payment (unless the sender sends me the money from his bank account). I guess I put that to cost of doing business and/or increase my cleaning charge to take care of it?
What do other hosts think?