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If your request is accepted, Airbnb will send a request for the guests to pay the amount. The guest has 72 hours to reply and accept or decline the request. If the guest accepts and pays, you will receive the money and can cover your damages.
To set up a security deposit on Airbnb, simply go to the listing page for your rental property and scroll down to the "Pricing" section. From there, you will see an option to add a security deposit. Once you've added the deposit amount, be sure to save your changes.
You will then want to choose "Manage Listing and Calendar" to edit your listing. Step 2: On the left hand menu, choose "Pricing" and then scroll down to the "Additional Pricing Options" section. Check the "Security Deposit" box and then enter the amount for your security deposit.
Asking for a substantial amount as a security deposit and setting a strict cancellation policy is a surefire way to make travelers feel truly unwelcome. Generally, an Airbnb security deposit doesn't exceed 20% of the total cost of the booking. Hosts often set an amount within the range of $100 to $500.
Similarly to hotels, Airbnb allows owners to add a security deposit to the listing of their house, apartment or condo. Although this security deposit is optional, beware that it has nothing to do with the Airbnb's host guarantee.