How event deposits work
Event deposits secure a vendor for your event date. They are typically a percentage of the total or a fixed amount. On Cenvi, the deposit is charged when the vendor approves the booking and settles to that vendor through Stripe Connect.
Deposit amount
Vendors set deposit requirements in their profile. Common deposit amounts are 25% or 50% of the total. Some vendors use fixed amounts (e.g., $500).
How payouts work
Deposits and milestone payments settle to the vendor as they are charged. If the event is cancelled, refund policies apply.
Why deposits matter
Deposits reduce ghosting and tire-kickers. They signal commitment from the planner. They protect vendors from last-minute cancellations. Cenvi enforces deposits and milestone payments to create a structured, reliable booking flow.
Frequently Asked Questions
What is an event deposit?
An event deposit secures a vendor for your date. On Cenvi, the deposit is charged up front and paid directly to the vendor.
How do event deposits work?
Planners pay a deposit when the vendor approves the booking. Each payment settles to the vendor when it is charged.
Who holds the money?
How payouts work holds funds until conditions are met. Cenvi does not do that: each payment settles to the vendor through Stripe Connect when it is charged.
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