factual

What is the maximum Payment Processor Application Fee that 1-800-GOT-JUNK? may charge during the term of the franchise agreement?

1_800_Got_Junk Franchise · 2025 FDD

Answer from 2025 FDD Document

[Item 6: Other Fees]

Name of Fee Amount Due Date Remarks Payment Processor Application Fee We plan to collect an application fee for each transaction processed by our preferred payment processing vendor. The fee will be 0.12% on the amount of each transaction processed, which we may increase to a maximum of 0.9% during the term of the franchise agreement. At time of payment processing This applies to franchisees that have signed up for payment processing with our preferred vendor. We currently plan to contribute this fee to the Sales, Marketing and Technology Fund, but reserve the right to retain it in the future. Payments for Future Products and Services Products and services are charged at the then-current prices that we publish to franchisees. See Note 5. Upon purchase or billing You must purchase certain products and services that we designate, including new products and services we may require in the future. We reserve the right to designate ourselves and our affiliates as suppliers for any products and services. See Item 8 for additional disclosures. Notes:

Source: Item 6 — Other Fees (FDD pages 11–17)

What This Means (2025 FDD)

According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, franchisees that sign up for payment processing with 1-800-GOT-JUNK?'s preferred vendor will be subject to a Payment Processor Application Fee. This fee is calculated based on each transaction processed.

Initially, the Payment Processor Application Fee will be 0.12% of the amount of each transaction processed. However, 1-800-GOT-JUNK? retains the right to increase this fee during the term of the franchise agreement. The maximum Payment Processor Application Fee that 1-800-GOT-JUNK? may charge is 0.9% of each transaction processed.

1-800-GOT-JUNK? states that it currently plans to contribute this fee to the Sales, Marketing and Technology Fund. However, 1-800-GOT-JUNK? reserves the right to retain this fee in the future. This means that the Payment Processor Application Fee could become an additional revenue stream for 1-800-GOT-JUNK? rather than being reinvested into the franchise system.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.