Beauty business technology provider Booksy introduced a tool to help service providers reduce the angst and occurrences of no-shows and reduce the impact of client cancellations easily.
Through the company’s no-show protection feature, service providers can charge clients a percentage of a service upfront or apply a cancellation fee in case of a no-show or last-minute cancellation. Booksy’s research shows that clients are more likely to commit to an appointment after a payment has been made upfront, or if they know that last minute cancellations will result in a fee. Prepayments and cancellation fees are two ways that business owners can keep their revenue stream and reduce the frequency of cancellations.