openchair
FeaturesPricingAbout
FeaturesPricingHair SalonsAI in Salons ReportBlogBook a Demo
Sign InStart Free Trial
  1. Home
  2. /
  3. Glossary
  4. /
  5. Booking Deposit
GLOSSARY

Booking Deposit

A booking deposit is a partial upfront payment taken when a client schedules an appointment, securing the slot and reducing the financial risk of a no-show.

A booking deposit is collected at the time of booking — before the client arrives. It can be a fixed amount (for example, $30 to secure a colour appointment) or a percentage of the total service value. The remaining balance is paid at checkout after the service.

Deposits serve two purposes. First, they financially commit the client to the appointment: a client who has paid $50 upfront is far less likely to forget or casually cancel than one who has paid nothing. Second, they protect the business if the client does not show up — the forfeited deposit compensates the stylist for the lost time.

For high-value or long-duration services — balayage, extensions, full-day treatments — deposits are particularly important. A three-hour colour appointment that goes unfilled due to a no-show can represent $200 to $400 in lost revenue. A deposit does not fully replace that revenue, but it creates a meaningful deterrent.

In Australia, New Zealand, and the UK, taking booking deposits is standard practice at premium salons. Most clients expect it for services above a certain value. The key is to communicate the policy clearly at the time of booking and ensure the forfeiture terms are displayed before the client confirms.

On OpenChair, deposit rules are configured per service. You choose whether to require a deposit for each service, what amount or percentage to collect, and what happens if the client cancels inside your notice window. Deposits are collected securely via Stripe at the moment the client books.

See it in OpenChair

Online Booking

Related terms

No-Show Fee

A no-show fee is a charge applied when a client fails to attend a booked appointment without giving adequate notice, compensating the business for the lost time.

Payout Schedule

A payout schedule defines how frequently payment processing revenue is transferred from a salon's payment processor to their business bank account.

Appointment Scheduling Software

Appointment scheduling software is a digital tool that manages bookings, staff availability, automated reminders, and client communications for service businesses. For salons and barbershops, platforms like OpenChair extend this to include payment processing, commission tracking, and AI-powered gap-filling.

Common Questions

Manage booking deposit with OpenChair

Start your free trial and explore all the tools that help you run a smarter salon.

Start Free Trial
openchair

The operating system for high-end service venues. Built in Australia for the world.

Product

  • Features
  • Pricing
  • AI Features
  • Mobile App
  • Online Booking
  • OpenChair Assistant
  • Sign In

Solutions

  • Hair Salons
  • Barbers
  • Beauty
  • Wellness & Spa
  • Nail Salons
  • Tattoo Studios

Compare

  • All comparisons
  • vs Fresha
  • vs Timely
  • vs Kitomba
  • vs Square
  • vs Booksy
  • vs Mindbody
  • vs Zenoti
  • vs Boulevard
  • vs Phorest
  • vs Mangomint
  • vs GlossGenius
  • vs Vagaro
  • vs Shortcuts
  • vs Acuity

Resources

  • Blog
  • AI in Salons Report
  • Reports
  • Help Centre
  • Guides
  • Glossary

Company

  • About
  • Contact
  • Book a Demo
  • Founding Members

Legal

  • Privacy
  • Terms
  • Cookie Policy
  • Sub-processors
  • Accessibility
  • Privacy Request

© 2026 OpenChair Platform. All rights reserved.

Made on the Goldie.