What is security deposit?

Security deposit – it's a money that Modelnet holds on your account to protect the model provider. Modelnet model providers share models under the condition they get full payment for the paid chats. In general meaning, the security deposit is some kind of a payment in advance for the paid chat.

Let's consider an example. For instance, a consumer website has $200 deposit on their account. A customer on the website had a paid chat with a model from Modelnet. Let's say the customer spent $100 on chat. According to Modelnet fees we have to pay to the model provider $70 and also hold $10 for ourselves. Thus we charge the consumer website account with $80. Another $20 goes to the consumer website owner as income. Finally, the consumer would have $120 on the balance.