Desk pricing: 530€/month (VAT excluded).
Installation: 100€ one-time
Deposit (refunded within 30d):
- if I pay with Bank direct debit: 1.5x desk pricing = 795€
- if I pay with credit card: 2x desk pricing = 1060€
- if I pay with bank wire: 3x desk pricing = 1590€
Since I will pay using bank wire (the most common payment method for this amount range) I need to send them 530+100 + 1590€ = 2,220€ just for using a wood desk and a chair for 1 month!I could understand the desk pricing + installation. It's expensive but reasonable.
Instead I am quite scared by the deposit amount. No other coworking never asked me for a deposit.
In other terms, they are asking me a 1590€ short term loan. According to last financial reports WeWork has a $-4B loss and $2B revenue in 2021.
It looks to me they are on the edge of bankruptcy. They highly need liquidity.
Is it different in other part of the world?
We work financials: https://www.nasdaq.com/market-activity/stocks/we/financials