Cardoo issues a surety in the name of the rental company that is equal to the full declared deposit amount.

If our partner chooses to work with advance payment instead of issuing credit cards, it is necessary that advance payment covers all the possible risks, but at the same time, it should be possibly smaller, to avoid transaction fees for a back-and-forth transfer, and minimize our risks.

Each rental service utilizes a certain percentage of deposits, so Cardoo needs to make sure you have all the necessary funds at your disposal to cover the possible damage immediately. So, it is advised to carefully calculate the utilization amount each month before we make the transfer in accordance with the agreement.

Here is an example of transfer calculation.

Our main questions are:
What is the average deposit amount that you expect to hold this month?
What percentage of your rental deals is expected to be deposit-free?
How much of the deposit amount do you expect to utilize?


Let's say, from all your units 70% is in use at an exact moment this month, so you might have deposits for them. How much is it? From all the deposits, you utilize a certain percentage of security deposits, it depends on the actual damage level. Let's say, your deposit utilization amount is 30%. This is what we are going to transfer.

A few terms for more clarity.


Untilized Property is the property that is are rented out at any moment of as of today and in the near time.

DepositFree Conversion Rate is the conversion, the share of your customers that are estimated

to prefer renting property without a deposit. It usually stays between 30% & 100%.

Cardoo's Security Deposit  (the advance payment) is Cardoo's money deposit pledged to your account in a

local bank to secure Cardoo's liabilities under the Suretyship Agreement.

If the actual accrued fee appears to exceed our approximate calculation, Cardoo will issue an additional invocie

and you will will initiate the fee payment. As the prepaid fee is invoiced in full, further fee will be paid against Cardoo's invoices via wire transfers from your country or/and by deducting from the following Cardoo's security deposits.