What authorization does a Franchisee give to Bambu regarding payments?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
hroughout the term of this Agreement. Franchisee's Bambū shoppe shall be in compliance with PCI DSS at all times.
- 10.4 Electronic Funds Transfer. Franchisee authorizes Bambu and its affiliates to initiate debit entries and credit entries to Franchisee's checking, savings or other account for the payment of the Royalty Fee (defined in Section 12.1), payment of the Marketing and Technology Fee (defined in Section 12.2), the purchase of equipment and inventory, and any other amounts due from Franchisee under this Agreement or otherwise. Contemporaneously with the execution of this Agreement and thereafter within five days of
receipt of any written request from Bambu, Franchisee shall execute and return to Bambu an additional authorization agreement for prearranged payments with account and other information to ensure the authorization agreement is current and valid. Bambu may require Franchisee to pay amounts due under this Agreement or otherwise by means in addition to or other than electronic funds transfer and Franchisee agrees to comply with Bambu's payment instructions.
11. RELOCATION
Franchisee may not relocate the Franchised Location without Bambu's prior written consent. Any approved new locations shall not be within any other Bambū shoppe's protected area, however. If Bambu consents to the relocation, Franchisee must pay a relocation fee in the amount set forth in Attachment I upon approval of the new Franchised Location, which will include similar new Bambū shoppe operations support, including up to two site visits and three days of additional training support as determined by Bambu.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, franchisees authorize Bambu and its affiliates to initiate debit and credit entries to their checking, savings, or other accounts. This authorization covers payments for the Royalty Fee, Marketing and Technology Fee, equipment and inventory purchases, and any other amounts the franchisee owes under the Franchise Agreement.
To ensure the authorization is current and valid, franchisees must execute and return an additional authorization agreement for prearranged payments with account information, both when signing the agreement and within five days of receiving a written request from Bambu. Bambu retains the right to require payments through methods other than electronic funds transfer, and franchisees must comply with these payment instructions.
Furthermore, the FDD states that franchisees authorize Bambu to contact them and any Bambu Certified Team Leader via email, telephone, mail, or any other means regarding any aspect of the Bambu shoppe, authorized products, services, programs, the Franchise Agreement, or the Bambu franchise system, as long as the agreement is in effect. Franchisees also authorize Bambu to disclose their and their team leaders' contact information to approved suppliers to facilitate communication.