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, deposits are held in escrow until the booking is marked complete. This protects planners from vendor no-shows and vendors from unpaid work.
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).
Escrow
Cenvi holds deposits and milestone payments in escrow. Funds are released to the vendor only when the booking is completed. 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, deposits are held in escrow until the booking is completed.
How do event deposits work?
Planners pay a deposit when the vendor approves the booking. Funds are held in escrow and released to the vendor when the event is completed.
What is escrow?
Escrow holds funds until conditions are met. Cenvi holds deposits and milestone payments in escrow until the booking is completed.
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