What happens if I withdraw consent to withdrawals from my bank account for my Beggars Pizza franchise?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee's failure to provide such information concerning the bank account required by this Section 3(d) or any new account, or Franchisee's withdrawal of consent to withdrawals for whatever reason and by whatever method, will be a breach of the Agreement.
- (e) Suspension of Product Shipments.
If Franchisee fails to make any payment in full to Supplier when due, Supplier may, without limitation: (a) suspend or refuse shipment to Franchisee of additional Products until such payment has been made, and (b) require payment for any future shipments of Products to be made on a cash-on-delivery basis.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, withdrawing consent for electronic fund transfers (EFT) to the supplier constitutes a breach of the franchise agreement. Franchisees are obligated to provide and maintain authorization for the supplier to withdraw funds from their designated bank account for all payments. This bank account must be located within the United States and governed by its laws.
Specifically, upon signing the agreement, a franchisee must furnish the bank and account number, a voided check, and written authorization for EFT withdrawals. Franchisees must also execute any necessary documents to maintain the EFT arrangement. If a franchisee changes banks or accounts, they must provide the new account information and authorization before the change.
If a Beggars Pizza franchisee fails to provide the required bank account information or withdraws consent for withdrawals, it is considered a breach of the agreement. Additionally, if a franchisee fails to make any payment in full when due, the supplier may suspend or refuse further product shipments until payment is made. The supplier can also require future shipments to be paid on a cash-on-delivery basis. These measures protect the supplier's interests and ensure timely payments for products purchased by the franchisee.