Setting up security deposits

How to set up security deposits for your rental products

Security deposits are a risk management tool for you. Twice provides automatic security deposits together with Twice Payments, Stripe as a third-party payment processor, and manual security deposits.

Note: Manual security deposits are available on Discover, Build, and Advance Plan, while automatic security deposits are available on Build and Advance Plan.

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Defining security deposits

Defining Security Deposits

Security deposits are defined on a product level, meaning you choose yourself which products require a security deposit and the deposit amount to be reserved.

  1. In your Twice Admin App, navigate to Catalog > Products > [choose the product you want to set up a deposit for] > Settings.
  2. Scroll down to the Deposit section.
  3. Define the deposit amount.
  4. Remember to save your settings.