Member-only story
How I Built a Deposit Collection System
And Why Your Business Might Need One
As a freelance web and mobile app developer, I’ve built many custom systems over the years, but one of my recent projects — a deposit collection system — really got me thinking about how businesses handle payments. More importantly, it made me realize how much businesses struggle with securing deposits efficiently.
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The Problem: Lost Sales and Unconfirmed Bookings
Many businesses, especially those in services and reservations, face a common headache: customers say they’ll book or commit, but without a deposit, they can easily ghost you. Restaurants, rental services, appointment-based businesses — you name it. If there’s no financial commitment upfront, there’s always a risk of no-shows or last-minute cancellations.
A friend who runs an event space once told me how he lost thousands of dollars because people would book dates and then cancel last minute. He’d hold the space for them, turn away other inquiries, and in the end? No money. That’s when I knew a deposit collection system could change the game for businesses like his.
