Quote from: Otakuya on April 23, 2013, 02:39:48 PM
For deposits, I highly recommend using an actual credit card, not a bank debit card or prepaid card. Charges and holds on credit cards can be reversed and adjusted almost immediately, or after 1-2 business days. Debit cards usually take about a week or more because they take money out then put it back in. I hardly see hotels take cash deposits without any sort of card on file.
Back when I reserved a room with my debit card, the charges were finalized 3-4 days after checkout. Really the drawback to debit for that is (until the security deposit is refunded after checkout when the charges are finalized), you're out the room charges plus the $50-$100/night they tacked on for security charges "just in case". It makes it so unless your checking account has some financial padding, you could be short on funds. But yes, for that reason it's best to use credit/cash, but not everyone has a credit card (seems they've become difficult to get the last few years if you're beginning), and not everyone is comfortable handling roughly $400 in cash at once. So while debit/prepaid is probably the third best choice in terms of deposits, for some it might be the best/easiest option.