(Closed) deposits – how much is normal?

posted 8 years ago in Money
Post # 3
Member
3564 posts
Sugar bee
  • Wedding: August 2010

My photog also asked for 50% of the total cost. It seemed a bit high, especially since most other photogs I looked at only required $1500 as a deposit. I mean, I guess if you’re sure that you love them and won’t be changing your mind, then it doesn’t really matter. And your wedding isn’t soooo far away, so it’s less likely that you’ll be changing your mind (I would think).

Post # 4
Member
2058 posts
Buzzing bee
  • Wedding: October 2010

We don’t have a videographer. 

Our photog also requested a 50% deposit.  Since it was our 3rd vendor (we had already paid our deposits for the venue and band) we were cool with it and it wasn’t a shock. Our shock was the Venue deposit…..

I think you are cool with 50% thats the norm – well with all the vendors we are working with thats their norm Wink

Post # 5
Member
8353 posts
Bumble Beekeeper
  • Wedding: March 2011

So far, ours have been much less, except for the venue. We put 2/3 down on that one, but we had to have it.

I think it varies by venue, where you are located, and time of year.

Post # 6
Member
7052 posts
Busy Beekeeper
  • Wedding: July 2010

Mine have been fairly reasonable thus far, and two are getting mailed out tomorrow!

Post # 7
Member
278 posts
Helper bee
  • Wedding: October 2010

The 50% for the photographer sounds normal, but 70% for the videographer definitely sounds out of the ordinary (though I don’t have a videographer). Maybe you can contact a couple other videographers just to ask how much their deposits are and negotiate accordingly?

Post # 9
Member
278 posts
Helper bee
  • Wedding: October 2010

Yeah, that’s definitely why it seems questionable. 50% should be more than enough for both of you to have peace of mind, since other vendors seem to be comfortable even with 30%.

Post # 10
Member
371 posts
Helper bee
  • Wedding: October 2010

Yikes! Everyone so far has been asking for about 20-30% down. I thought that was a lot lol, and no one takes credit cards either. I guess that a good thing?! 

Post # 11
Member
5262 posts
Bee Keeper
  • Wedding: June 2012

I’ve been seeing a lot of 50% (my venue, photographer, etc). 70% sounds high…

Post # 12
Member
5388 posts
Bee Keeper
  • Wedding: December 2010

My photog wanted a $300 deposit, 1/2 balance due 30 days before wedding, and the other 1/2 due within 60 days after the wedding.

I haven’t book a videographer yet.

Post # 13
Member
4765 posts
Honey bee
  • Wedding: January 2011 - Vintage Villas

70% sounds really high! I’ve heard of 50% (our DJ asked for 50%), but I think anything more than that is a little much!

Post # 14
Member
7770 posts
Bumble Beekeeper
  • Wedding: July 2010

My band wanted a $200 deposit (only %10), my venue a $750 deposit.  I don’t think a deposit should be over %50.

Post # 15
Member
720 posts
Busy bee
  • Wedding: October 2010

Our DJ asked for 50% but other than that, many have only been $100 or $200 (except for the venue).  If they are a reputable company, I would probably just pay it since you’re close to your wedding date.  We put down $1000 on our reception venue 2 years ago and they went bankrupt and we lost the deposit.  But your wedding date is super close so I think it’s unlikely that would happen.

I bet they’ve been burned in the past by people backing out of their contracts.

Post # 16
Member
2204 posts
Buzzing bee
  • Wedding: June 2009

70% seems a little high.

We paid about 20% for our venue and 50% for photographer and DJ

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