Holding deposit....Please explain

So, the potential tenant I have chosen has agreed to pay me a holding deposit.

I have clicked on the ‘request holding deposit’ option, which is now showing that I have requested it.

How do I know I have peed paid the fee and how long does it take from when the potential tenant goes on Openrent and pays at his end,for me to see/receive the payment?

What notification should I see?

Thank you.

You will be contacted by OpenRent when someone pays a holding deposit.

You will be informed the moment OpenRent have received the payment. They do not pass the money on to you. It is held by them and deducted from the first month’s rent, I believe, if you proceed with the letting.

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