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Prepaying an apartment rental

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My (US) family are going to Cyprus over the Christmas holidays. I have just made the reservation to a place on Holiday Lettings out of the UK. The owner has requested a 220 pound deposit to hold our reservation made to either a UK bank account or one in Cyprus with the remainder of our fee paid at 10 weeks before our rental. We can also use PayPal with our credit card but was told by the owner that there will be an additional 80 pounds added onto that fee for processing?
My adult kids have said that they think that paying the entire sum 10 weeks before is ridiculous on my part and they are skeptical. The man who owns the house has been with Holiday Lettings for over 5 years and has gotten glowing reports on both Tripadvisor and the Holiday site.
My question is: is this the way most online renting deals work? Would you just put the British Pounds in the UK bank or pay with the Visa card on PayPal? Is paying the entire amount 10 weeks out the usual for holiday weeks?
Thanks for any help or thoughts on this as I am a newbie on rentals!

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