Turo is a car-sharing platform that allows individuals to rent out their personal vehicles to others. One of the key aspects of the platform is the ability for renters to pay for their rentals in various ways. In this post, we will go into detail about the different forms of payment that Turo accepts and how they work.
Accepted Payment Methods
Turo offers a variety of payment methods to accommodate the needs of its renters. The platform accepts credit and debit cards, PayPal, and Turo credit.
Credit and Debit Cards
Turo accepts Visa, Mastercard, American Express, and Discover cards. Renters can easily link their credit or debit card to their Turo account and use it to make payments for their rentals. Turo also accepts prepaid credit and debit cards as long as a major credit card company issues them.
PayPal
Turo also accepts payments made through PayPal. Renters can link their PayPal account to their Turo account and use it to make payments for their rentals. This is a convenient option for renters who prefer to use PayPal as their primary payment method.
Turo Credit
Turo offers a credit system called “Turo credit” which renters can use to make payments for their rentals. Turo credit can be earned by referring friends to the platform or by participating in promotions. It can also be purchased directly on the Turo website. This is a great option for renters who frequently use the platform and want to save money on their rentals.
Turo Payment Processing
Turo processes payments for rentals on the day that the rental begins. This means that the payment for the rental will be charged to the renter’s chosen payment method on the day they pick up the car. Turo also holds a security deposit for each rental, which is returned to the renter at the end of the rental period as long as the car is returned in the same condition as it was when the rental began.
Turo Cancellation and Refunds
Turo has a strict cancellation policy designed to protect both renters and owners. Generally, if a renter cancels a reservation more than 24 hours before the rental is set to begin, they will be refunded the total rental amount minus a $50 cancellation fee. If a renter cancels a reservation less than 24 hours before the rental is set to begin, they will not be refunded the rental amount. However, renters can purchase cancellation protection for an additional fee, allowing them to cancel their reservation up to 24 hours before the rental is set to begin and receive a full refund.
Conclusion
Turo offers a variety of payment options to accommodate the needs of its renters. The platform accepts credit and debit cards, PayPal, and Turo credit. Renters can choose the payment method that works best for them and easily link it to their Turo account. Turo processes rent payments on the day the rental begins holds a security deposit and has a strict cancellation policy. Turo is an excellent platform for those looking for a flexible and convenient way to rent a car.