Can Alloy change the due date for amounts owed?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
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Recurring Payments Will Make Your Life Easier:
- It's convenient (saving you time and postage)
- Your payment is always on time (even if you're out of town), eliminating late charges
Here's How Recurring Payments Work:
You authorize regularly scheduled charges to your checking or savings account. You will be charged the amount indicated below each billing period. A receipt for each payment will be emailed to you and the charge will appear on your bank statement as an "ACH Debit." You agree that no prior-notification will be provided unless the date or amount changes, in which case you will receive notice from us at least 10 days prior to the payment being collected.
| (full name) | I authorize Alloy Personal Training, LLC.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, Alloy can change the payment date or amount, providing franchisees with at least 10 days' notice before collecting the payment. This applies to situations where franchisees authorize regularly scheduled charges to their checking or savings accounts for amounts due to Alloy. Franchisees receive an email receipt for each payment, and the charge appears on their bank statement as an "ACH Debit."
This policy ensures franchisees are informed about any changes to their payment schedules, allowing them to manage their finances accordingly. The 10-day notice period is a standard practice in the franchising industry, providing franchisees with sufficient time to prepare for the upcoming payment. However, franchisees must remain vigilant and promptly address any discrepancies or concerns regarding payment amounts or dates with Alloy to avoid potential issues.
Furthermore, if a payment is rejected due to Non-Sufficient Funds (NSF), Alloy may attempt to process the charge again within 30 days and charge an additional $25 fee for each failed attempt. This fee is initiated as a separate transaction from the authorized recurring payment. Franchisees agree not to dispute recurring billings with their bank as long as the transactions align with the terms outlined in the authorization form. This highlights the importance of maintaining sufficient funds in the designated account to avoid additional charges and potential disruptions in the payment process.