- Why do I need to pay a $500 security deposit?
Why do I need to pay a $500 security deposit?
The $500 for stays under 30 days and $1000 (for stays 30 days, bookings in 4BR and larger apartments, and over or for bookings of $3,000 or more)security deposit is a flat rate for any reservation of 1 night up to 1 month. A deposit is required both to secure the dates of your reservation as well as to ensure hotel toshi's protection against any stolen items or damages incurred by guests. If you need to cancel, please see our CANCELLATION POLICY.
Why did I only receive $485 through PayPal instead of $500?
As stated on your signed guest agreement, Paypal charges a 3% transaction fee to the person receiving money. This is a little less than the $15-25 your bank charges you to send/receive wire transfers. When you initially sent your security deposit to us, we only received $485 as well but try to offset that fee by sending you back $500.
That's not fair, I shouldn't have to pay that fee. I want the full $500 returned to me.
Unfortunately, the 3% transaction fee is a reality of doing business on the internet and cannot be avoided at this time. When you initially sent your security deposit to us, we only received $485 as well but try to offset that fee by sending you back $500. We are a young business and are currently developing our own system to avoid this fee in the future - so please bear with us while we get that going!
How do I get my money from PayPal?
You'll receive an email directly from PayPal stating that hotel toshi has sent you money. Open this email and click on the link provided to claim your funds.
I don't have a PayPal account. What should I do?
It's super easy! Just register for an account at www.paypal.com - it should take about 3 minutes. Once you're set up with an account, you can withdraw the funds into your bank account or you can use it to make other purchases on the internet.
This one should also be added on, but maybe in a different section if it makes more sense:
What is your cancellation policy?
We have a pretty strict cancellation policy, so you should definitely be sure you want to book before putting the security deposit down.
§ Cancellation Policy (deposit $ retained below or total cost of nights booked, whichever is less):
2 months or more before scheduled arrival: 25% loss of security deposit
Less than 2 months before scheduled arrival 50% loss of security deposit
Less than 1 month before scheduled arrival: 75% loss of security deposit
Less than 2 weeks before scheduled arrival: 100% loss of security deposit
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