For Atwell Suites franchisees, what deductions are made from settlements for transactions?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
All settlements to you for your transactions will be net of Credits, adjustments, Servicers Fees, Third Party Based Fees, Chargebacks, and any other amounts then due from you.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, settlements for transactions made to the franchisee will be net of several potential deductions. These deductions can include credits, adjustments, Servicers Fees, Third Party Based Fees, Chargebacks, and any other amounts that the franchisee owes at that time.
This means that the franchisee will not receive the gross amount of their transactions. Instead, Atwell Suites will deduct any applicable fees, credits, or other outstanding amounts before disbursing the remaining balance to the franchisee. It is important for prospective franchisees to understand these potential deductions, as they can impact the actual revenue received from transactions.
Franchisees should carefully review the definitions and calculations of each of these deductions in the License Agreement to fully understand how they may affect their settlements. Understanding these deductions is crucial for accurate financial planning and management of the Atwell Suites franchise.