Account Hold & Security Deposits
As a standard part of your VS Luxury rental procedure, a security deposit, or account hold, will be required before a client is able to drive off in their vehicle of choice.
It is always our goal to be able to return the funds to you in full after the reservation process is complete.
Option 1: Account Hold
The first option is putting a hold on your credit card.
This will reserve part of your credit line but the cash does not leave your account if fees are not incurred.
This is known as a pre-authorization which is an industry standard. You’ll also see this at gas stations, restaurants and other entertainment venues.
Option 1: Account Hold
The first option is putting a hold on your credit card.
This will reserve part of your credit line but the cash does not leave your account if fees are not incurred.
This is known as a pre-authorization which is an industry standard. You’ll also see this at gas stations, restaurants and other entertainment venues.
Option2: Security Deposit
This is an asset transfer, which is most often fulfilled with physical currency or cryptocurrencies.
The selected assets will be transferred into the holding of VS Luxury for the duration of your reservation period, but returned after the rental process is complete.
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A release of this deposit will occur after the rented vehicle(s) are brought back, and after a vehicle check inside and out is conducted. These checks include monitoring mileage overcharges, fuel level, and damage to the vehicle; if no additional charges are deemed necessary, the entire deposit comes back to you within 24 hours.
Account Hold Release Timeline
On rare occasions, VS Luxury will release your account hold back to you and notify your credit provider via our current merchant processor that your account hold should be canceled.
On rare occasions, VS Luxury will release your account hold back to you and notify your credit provider via our current merchant processor that your account hold should be canceled.
On rare occasions, VS Luxury will release your account hold back to you and notify your credit provider via our current merchant processor that your account hold should be canceled.
On rare occasions, VS Luxury will release your account hold back to you and notify your credit provider via our current merchant processor that your account hold should be canceled.
On rare occasions, VS Luxury will release your account hold back to you and notify your credit provider via our current merchant processor that your account hold should be canceled.