What is the Aira Fitness franchisee's obligation regarding assisting with 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 Aira Fitness's 2025 Franchise Disclosure Document, franchisees must adhere to all procedures specified by Aira Fitness and take reasonable actions to assist with payment methods. This includes agreeing that all payments to Aira Fitness and its affiliates can be deducted from the monies collected by the franchisee's billing and payment processor. The franchisee also authorizes the billing and payment processor to deduct these amounts and pay them to Aira Fitness on the due date.
Furthermore, the Aira Fitness franchisee is responsible for maintaining a sufficient balance in their Merchant Account to cover these deductions. They are also liable for any penalties, fines, or similar expenses associated with the transfer of funds.
This arrangement ensures that Aira Fitness can efficiently collect fees owed by the franchisee. It also places the onus on the franchisee to manage their Merchant Account responsibly to avoid penalties or disruptions in payment processing. Prospective franchisees should carefully consider these obligations and ensure they have the financial capacity to meet these requirements.