Offering payment plans is essential to understand how deposits impact installment amounts. This article delves into how setting minimum and flexible deposits influences the calculation of payment installments, allowing you to effectively manage and structure payment options for your travelers.

Minimum Deposit is a required payment for travelers to book and pay for their trip in installments. This deposit is how the traveler who is paying in installments secures their spot on the trip.

The minimum deposit set for the package is the required amount that all travelers purchasing the package using a payment plan must pay.

Packages with installment plans are required to have a minimum deposit of at least $35 (installment plans, and so the deposit setting, are only offered on packages priced above $99). This requirement ensures that the traveler is committed to going on the trip and the organizer can mitigate financial risk.

If you are paying the fee, the deposit field becomes two linked fields -- Traveler Pays and You Receive -- so you can set the deposit by what the traveler pays or by what you receive after the fee.

If a traveler increases their deposit amount at checkout, then their monthly installment amount will decrease. See example below when the initial deposit is updated.

The minimum deposit for this trip is $220. By default, all travelers paying in installments are required to pay at least $220 to book the trip.

In the second image, the traveler has chosen to pay a $300 initial deposit. As a result, their installment amount is reduced from $165.36 to $152.03.

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