Why do I need to take a deposit from my collector?

For Art Money Interest Free, you are required to take a minimum 10% deposit, payment 1 of 10 from your collector to secure the sale. The deposit can be paid prior to your collector applying for Art Money or once they are approved. 

For e-commerce purchases, to streamline the online purchasing experience, the deposit fixed at 10% is paid directly to Art Money.

For Art Money Buyer’s Premium the deposit can be paid to you or Art Money. The deposit can be paid prior to your collector applying for Art Money or once they are approved.