Charge Security Deposits
Loopit allows you to configure security deposits based on your customer profile and the selected vehicle to ensure you are protected.
Knowing your customers is paramount to ensuring your car subscription service stays profitable. Loopit lets you adjust the thresholds on security deposits accordingly to the risk profile of your customers.
Configurable security deposits to help you put the right customer in the right car. Loopit helps you maximise the protection of your vehicles by allowing you to make adjustments on security deposits based on the respective type of vehicle.
As much as you'd like! The amount charged as a security deposit is entirely configurable within your Loopit account. You can choose to charge a higher deposit based on the outcome of the customer assessment, charge a higher deposit for more premium vehicles, or charge no deposit at all - the choice is entirely yours.
Security deposits are managed entirely on platform, and Loopit offers functionality to refund a security deposit or apply the value of the security deposit to an outstanding balance.
You have the ability to configure an Establishment Fee within your Loopit account which is a non-refundable upfront cost for subscribers when activating a subscription.
Recurring BIlling & Payments
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