For Beggars Pizza, what happens if the customer pays by credit card or debit card?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must deposit all revenues from the operation of the Beggars Restaurant in such bank account within two (2) days of receipt including, without limitation, cash, checks, credit card receipts, or the value of other forms of payment.
The designated bank account must be located within the United States and governed by its laws.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, franchisees are required to deposit all revenues from the operation of their Beggars Restaurant, including credit card receipts, into a designated bank account within two days of receipt. This bank account must be located within the United States and governed by its laws.
This requirement ensures that all income, regardless of payment method, is promptly and securely deposited into the franchisee's designated bank account. This allows for accurate tracking of revenue and facilitates the payment of obligations to suppliers and Beggars Pizza.
For a prospective franchisee, this means they must establish and maintain a dedicated bank account solely for their Beggars Pizza business. They will need to ensure that all credit card and debit card transactions, along with cash and checks, are deposited into this account within the specified timeframe. Failing to adhere to this policy could lead to complications in financial reporting and potential breaches of the franchise agreement.