This refers to the amount or percentage of the costs that you desire Froomz.com to collect at the time of booking. There are two methods that a Venue can use to determine the amount to be collected:
- Percentage of the total cost of the event: By entering a percentage in the Percent field, will provide Froomz.com with the calculation to the total event costs to collect from the Venue Seeker when they book an event at your Venue utilizing the Froomz.com booking engine. For example: If the total cost of the event booked on Froomz.com is $1500.00, and you select 25% to be collected as a deposit from the Venue Seeker to secure the booking. Froomz.com will collect $375.00 which will be forwarded to the Venue based upon the payment parameters set up in the Payment Profile, minus the 12% commission that Froomz.com charges the Venue.
- Amount or set amount will be collected. For example: If the total cost of the event booked on Froomz.com is $1500.00, the venue can select a set amount to be collected. If the venue sets an amount of $150.00 per event booked on Froomz.com, then Froomz.com will collect $150.00 for each event booked and forward these monies to the venue based upon what was set up in your Payment Profile minus 12% commission that Froomz.com charges the Venue.
- None. Froomz.com will not collect any monies from the Venue Seeker upfront for booking the event. All monies will be collected by the Venue.
To access the Deposit at time of Booking for a particular pricing package – follow these steps:
- At the Homepage – www.froomz.com or Any Page – Click on Manage your Venue – in the upper right hand.
- Click on Edit Schedule/Prices
- Click on Edit to the right of the screen next to the package that you wish to Edit.
- Scroll down to the bottom of the page and utilize the radial buttons to select the appropriate deposit at time of booking to be utilized. If selecting a Percentage, enter the percentage of the event total that you wish Froomz.com to collect. If selecting an Amount, enter the dollar amount that you wish Froomz.com to collect at the time of booking.
- Click on the Submit button at the bottom of your screen to save your changes.
Create a pricing package based upon: