How Much Should a Deposit Be for a Hair Appointment Service?
Plus, if you’re a Vagaro business, we’ll give you the steps to set up deposits on your services today!
Deposits for Hair Appointments: A Guide for Hair Stylists and Salon Owners
What is a deposit for an appointment?
Do a quick search for “deposit for appointment meaning”, and you might find a few different definitions, depending on the industry you’re in.
With a deposit in place on a service, clients are required to pay a percentage of the appointment cost up front — before the appointment.
Win win!
Pro tip: Don’t forget to display your cancellation policy everywhere you can — including your booking page and the confirmation emails clients receive for their appointments. The last thing you want is for a client to be caught off guard by losing their deposit for a late cancellation or a no-show.
Why are deposits important for hair appointments?
Ultimately, deposits help protect your time and revenue by at least collecting some money up front.
1 in 10 appointments are canceled or a no-show
By charging a deposit, you’re increasing the chances that the client will follow through on their appointment — which lowers the number of cancellations and no-shows.
Increase revenue
Collecting money up front helps offset any potential lost income.
Pro tip: Using a waitlist for your salon can also help keep those last-minute openings full! With Vagaro's waitlist, you can ensure you have someone to fill in any empty time slots.
How much should a deposit be for a hair service?
This means choosing between a flat rate — or a percentage.
But some salons and hair stylists simply choose a flat dollar amount, such as $50 up front, to ensure some income for the time slot in the event of a no-show.
How do I set up a deposit on Vagaro?
- Hold With a Credit Card: This was designed for you to help reduce no-shows and essentially will request the client to enter in his/her credit card at the time of booking to “reserve” or “secure” the appointment. It will not charge the credit card automatically when booking; rather, it just requests the credit card information. Then, you can charge the credit card on file for that client in the event of a no-show.
- Require Full Prepayment: The client’s credit card will be charged for full payment at the time of booking.
- Require Partial Deposit: The client’s credit card will be charged for partial payment at the time of booking. You can choose the deposit percentage or dollar amount required
What’s even better is: You can pick and choose which services you want to collect deposits for.
So if you want to collect deposits only on your more expensive services, that’s totally an option!
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