If you have been confirmed for a booking using Encore Pay, you'll be eligible to receive a deposit.
How much is the deposit?
Encore deposits are fixed at 15% of your total earnings (note: this does not include travel expenses).
Is my booking eligible for a deposit?
You will receive a 15% deposit if:
- Your booking is being made through Encore Pay (i.e. rather than via BACS or cash).
- The client sends you a booking request at least 7 days before the event date. (If a client sends you a booking request within 7 days of the event date, your deposit payment will be transferred along with your final payment 5 working days after the event.)
- You have verified your payment details using a valid form of ID. Learn more about verifying your bank account here.
How and when will I receive my deposit?
You will receive your deposit within 5 working days of the time when the client makes their payment. It will be transferred directly to the bank account you have added to your Encore account.
- Learn more about the timings of your payments for Encore bookings here.
Do deposits affect the likelihood of me being paid after the gig?
No, unlike a typical deposit, which acts as an insurance policy if the client does not pay, all Encore Pay bookings come with a guarantee that you'll receive your full payment after the gig. Taking a deposit simply gives you access to some of your payment before the gig date.