What costs is the Beggars Pizza franchisee responsible for regarding the EFT arrangement?

According to Beggars Pizza's 2025 Franchise Disclosure Document, the franchisee is responsible for all costs associated with the electronic funds transfer (EFT) arrangement used to pay the supplier. This means that any fees or charges levied by the franchisee's bank for conducting the EFT transactions will be borne by the franchisee.

To facilitate the EFT arrangement, the franchisee must provide the supplier with their bank and account number, a voided check, and written authorization allowing the supplier to withdraw funds via EFT. The franchisee must also execute any documents necessary to establish and maintain the EFT arrangement as required by the supplier. Failure to provide the required bank account information or withdrawing consent for EFT withdrawals constitutes a breach of the agreement.

If a franchisee changes banks or accounts, they must provide the new account information and authorization to the supplier before the change takes effect. This ensures uninterrupted payment processing. The supplier, in turn, will provide the franchisee with an invoice at the start of each accounting period, detailing the amounts due for products purchased in the prior period. The franchisee is then required to pay these amounts via EFT within seven days of receiving the invoice. This payment timeframe may be shortened at the supplier's discretion with written notice to the franchisee.