Hosts are allowed to require a refundable day-of security/damage deposit from guests in the form of a check or credit card authorization such as Venmo, PayPal, Zelle, etc.
At this time, Peerspace does not support processing these deposits through our online and mobile applications. Provided there are no damages to the space, the deposit would then be returned to the guest in person at the end of the booking. For these reasons, do not charge a security deposit as an add-on.
While most hosts do not collect a security deposit, if you would like to require one, it must:
- be clearly stated in your listing's Host Rules section
- include the dollar amount
- include the method of collection (check, PayPal, etc.)
Remember that by booking through Peerspace, guests agree to cover in full any damages that they or their invitees cause during the booking. Any incidents during a booking will be resolved through the Peerspace Dispute Resolution process. If a security deposit was collected, you will be asked to provide supporting evidence of it.
For more information on security deposits, please see our Terms and Conditions.