Post # 1
Good Morning Bees!
I’ve started booking vendors for my wedding, but a little concerned about how to protect myself (and my money) in these transactions. I’ve paid two vendor deposits with personal checks and now I wondering if I should have given another form of payment for security reasons. If there are other options to safeguard your money in the event of someone bailing or turning out to be a fraud please share.
Good day 🙂
Post # 3
I paid with a credit card whenever possible. That or paypal are probably your best bet.
Post # 4
Many vendors will require cash.
The best thing you can do is to make sure you have a clear contract that assigns responsibility to each party incase of emergencies (IE vendor is sick, goes out of business, isnt responsive)
Exactly WHAT is being done, what is being borrowed, time to be there and leave. Specifics you want to ensure.
Also be sure there is something in the contract that allows you to seek a refund if the terms of the contract are not fulfilled.
Post # 5
@lefeymw: Ditto this.
We have paid by check for most everything so far, but our contracts are extremely specific & will (hopefully) protect us in the event of the terms of our agreement not being fulfilled.
Post # 6
Well, I may have a slight issue with my DOC contact (of all contracts!). I hope I can back track with her to specify what will happen with my money if she is a no show. She mentioned giving my money back in a seperate email, but not in the contract. She said that she can add it, and I think I wll get that taken care of right away.
Thanks for your advice!
Post # 7
I agree with PP that the most important things are a contract and a money trail. Pay with a credit card where you can that protects your purchases. ALWAYS get a receipt detailing what you paid for. Paying with a check is good too, and write in the memo area exactly what it’s for.
Post # 8
Credit card is the safest way. Our venue would not allow us to charge more than 10k on a credit card though and we also haggled with all of our vendors for a cash deal. I was antsy on all the cash/personal check deals, but we got something in writing from all of them that the deposit was made. I am still nervous though…