Security Deposit for rental equipment

CManno
New Community Member
Hello, I'm thinking of starting a small equipment rental company and wanted to know if its possible to hold a security deposit while my equipment is out for rental, so if its returned damaged, or not returned I'd be covered. Don't know if this is a possibility with Paypal or not?
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2 REPLIES 2

snowshoe
Frequent Advisor
Frequent Advisor

Probalby not a good idea with PayPal.  Suggest finding another method.

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brewhardware
Frequent Contributor
Frequent Contributor

I wonder why you don't think it's a good fit? Are you talking about their tendancy to support the buyer side so when they claim they returned it, they win the dispute?

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