What is the 'Approved Payment Processor' for Aira Fitness franchisees?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
returns and all federal, state and local income tax returns; reports on membership; and such other reports as we may require from time to time. You must verify and sign all reports submitted to us. If you fail to report your monthly Gross Sales on a timely basis, we may estimate your Gross Sales; we may then withdraw any unpaid Royalties, National Marketing fees or other amount due by use of our Approved Payment Processor.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, franchisees are required to use an 'Approved Payment Processor.' While the FDD mentions the use of an Approved Payment Processor, it does not explicitly name or identify which specific payment processors are approved by Aira Fitness.
However, the document does state that Aira Fitness has the right to withdraw unpaid royalties, national marketing fees, or any other amounts due by using their Approved Payment Processor. Additionally, franchisees are responsible for all costs or fees charged by the Approved Payment Processor relating to the handling of debits authorized by the franchisee's Merchant Account.
Prospective Aira Fitness franchisees should inquire directly with the franchisor to obtain a list of approved payment processors and understand the associated costs and terms of service for each. This information is crucial for budgeting and managing the financial aspects of the franchise.