Is an Afuri Ramen Dumpling franchisee required to accept debit cards?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Date Due | Remarks |
|---|---|---|---|
| Franchise Agreement Section 5.1). | |||
| Non-Cash Payment Systems | All costs associated with non-cash payment systems | As incurred | You must accept debit cards, credit cards, stored value gift cards or other non-cash payment systems we specify. |
Source: Item 6 — Other Fees (FDD pages 11–16)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, franchisees are required to accept debit cards. The FDD specifies that franchisees must also accept credit cards, stored value gift cards, or other non-cash payment systems that Afuri Ramen Dumpling specifies.
As an Afuri Ramen Dumpling franchisee, you will bear all costs associated with these non-cash payment systems. These costs are incurred as you operate your franchise.
This requirement is fairly standard in the franchise industry, as it allows customers to pay using their preferred method, potentially increasing sales. However, franchisees should factor in the costs associated with processing these payments, such as transaction fees, when evaluating the financial viability of the franchise.