What forms and documents must Aira Fitness franchisees deliver to permit the use of designated payment methods?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You must comply with all procedures we specify from time to time, and take such reasonable action as we request to assist in any of the payment methods.
Specifically, you agree that upon notice by us, all payments to us and our affiliates may be deducted from the monies your billing and payment processor collects on your behalf and you hereby authorize the billing and payment processor to deduct such amounts and to pay those amounts to us on the due date of such amount.
You must maintain a balance in your Merchant Account sufficient to allow us and our affiliates to collect the amounts owed to us.
You are responsible for any penalties, fines or other similar expenses associated with the transfer of funds described in this Section.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, franchisees must adhere to all procedures specified by Aira Fitness regarding payment methods and take any reasonable actions requested to facilitate these methods. Specifically, Aira Fitness has the right to deduct payments owed to them or their affiliates directly from the franchisee's billing and payment processor. To enable this, the franchisee authorizes the billing and payment processor to deduct these amounts and remit them to Aira Fitness on the due date.
To ensure smooth transactions, Aira Fitness franchisees must maintain a sufficient balance in their Merchant Account to cover the amounts owed to Aira Fitness and its affiliates. The franchisee is responsible for covering any penalties, fines, or similar expenses associated with the transfer of funds as described in the FDD.
In summary, while the FDD does not explicitly list specific forms or documents, it emphasizes compliance with Aira Fitness's procedures and authorizations for direct payment deductions. A prospective franchisee should seek clarification from Aira Fitness regarding any specific forms or documents required to comply with these payment procedures.