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The second payment is due when the VAD confirmation (including the date) is provided. This is after the sign-off and when all paperwork has been submitted and approved. Both payments are made online via the Pegasos website or by wire to the Pegasos Swiss bank account.
Pegasos Refund Policy
It is welcome news that one’s deposit is refundable (in part) by Pegasos, should you not go through with your VAD for any reason. The only funds that are withheld by Pegasos are those incurred in the lead-up to, and administration of, your VAD application (this is around €1300).
This refund policy stands in marked difference to that of organisations such as Dignitas, who do not refund their initial required payment of 3000 CHF. The refund policy of Pegasos, avoids nasty surprises such as the one Australian fireman Troy Thornton received when he tried to go to Dignitas in January 2018.