The next policy to setup is the Payment Policy.
First, you need to choose when you want the deposit to be due for a booking. You can choose to have the deposit paid at the time of booking, arrival at your property, or a chosen number of days before arrival.
Once you have chosen, next you can select what type of deposit you wish to have. You can have a percentage of the total or nightly rate, a fixed amount, or a weekly amount. Select which one you want, then enter the value of the deposit you wish to apply.
Next, you can select when the remaining balance of the booking is due. You can choose either upon guest arrival or a chosen number of days prior to arrival. Once you have selected that, you can choose to offer a pay in full discount. If you choose to, enter the percentage you wish to offer as a discount.