Payout

Information about payments when renting out

Renate avatar
Written by Renate
Updated over a week ago

This is how the payment works on Hygglo

When you have approved a rental request the person who wants to rent will pay to complete the booking. The money goes into its own account and will not be paid out until the rental period is over. After a completed rental period the payout will be initiated. Normally the transfer takes around 2 banking days, but you can see a preliminary payment date in the app.

Hygglo takes a 20% cut on completed orders from the person renting out (50% on rentals of drones and accessories for drones). The rentee pays a booking fee when paying for the rent

How do I add my bank details?

In order to send money to you we will need your bank details. In most cases we need your account number, but something we need the IBAN-number instead. You should be able to find your IBAN-number by logging into your internet bank or by contacting your bank.

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