Payment Process
Payment by the renter
Once the owner approves a rental request, the renter must make a payment to confirm the booking.
The payment is securely held in a separate account and will not be released until the rental period is complete.
Payout to the owner
After the rental period ends, the payout to the owner is initiated.
Transfers usually take around 2 banking days to reach the owner’s bank account. A preliminary payment date can be viewed in the Hygglo app.
Fees
For owners:
Hygglo deducts a 20% service fee from the owner’s payout on completed rentals.
For renters:
Renters pay a booking fee when making their payment for the rental.
Bank details required for payouts
To ensure timely payouts to owners, Hygglo requires the following bank details:
IBAN Number
Applicable for Sweden, Denmark and Finland
Owners can find their IBAN by logging into online banking or contacting their bank.
Account Number
Applicable for Norway.
Providing accurate bank details is essential to avoid delays in payouts.