Why Escrow Payments Are Better for Event Vendors (Not Just Planners)
When vendors hear "escrow," they think: "Great, another delay before I get paid." But escrow actually solves the problems that cost vendors thousands every year.
The Problem Escrow Solves for Vendors
1. Chasing Invoices
How many hours do you spend chasing unpaid invoices? Sending follow-up emails, making awkward phone calls, considering small claims court? With escrow, the planner's payment is already captured before your event. There's nothing to chase.
2. Bounced Checks / Failed Payments
You show up to the event, deliver your service, and then the check bounces. Or the credit card declines. With escrow, the funds are verified and held before you ever load your equipment into the van.
3. Scope Disputes
"You were only supposed to play 3 hours, not 4." Without escrow, this becomes a he-said-she-said. With escrow and a clear contract, the platform mediates based on the agreed scope.
4. Last-Minute Cancellations
Planner cancels 2 days before the event. Without escrow, you might never see your deposit. With escrow, the cancellation policy in your contract is enforced by the platform — you keep what you're owed.
How Vensho Escrow Works for Vendors
- Planner books and pays: Their payment is captured and held by Vensho (via Stripe)
- You deliver your service: Perform at the event as contracted
- Funds release: Payment released to your Stripe account 48 hours after event
- Daily payouts: Stripe deposits to your bank account daily ($10 minimum)
What About Your Commission?
Vensho takes 7% on your first bookings, dropping to 5% at 10 bookings and 3% at 25+. Compare that to the 15-25% you'd lose chasing invoices, eating bounced checks, and discounting to compete with agencies.
The Math
On a $1,500 DJ booking:
- Without escrow: Risk of non-payment = $1,500 loss
- With Vensho escrow (7%): You get $1,395 guaranteed. At 3% tier: $1,455 guaranteed.
- No invoicing, no chasing, no bounced checks, no disputes you can't resolve.