What payment processing service does Best Brains currently designate for the payment report?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Reports. You shall furnish to us the following reports among others:
- (i) On the 10th of each month, an electronic or other report (as we designate) of the Gross Sales of the Franchised Business for the period of the 11th of the previous month to the 10th of the current month;
- (ii) On the 10th of each month, a copy of your bank statement for the previous month
- (iii) On the 10th of each month, a copy of your payment report from your payment processing service (currently CSG Forte) for the period of the 11th of the previous month to the 10th of the current month
- (iv) On the 10th of each month, a profit and loss statement for the preceding calendar month and a year-to-date profit and loss statement and balance sheet; and
- (v) within seventy-five days after the end of each calendar year, a calendar year end balance sheet and an annual profit and loss statement for the calendar year reflecting all year end adjustments.
Source: Item 23 — RECEIPTS (FDD pages 42–190)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, franchisees are required to submit a copy of their payment report from their payment processing service to Best Brains on the 10th of each month. Currently, Best Brains designates CSG Forte as the payment processing service for this report.
This means that franchisees must use CSG Forte, or any other payment processing service Best Brains designates, to process payments and generate the required reports. This ensures that Best Brains receives consistent and standardized financial data from all franchise locations, which is essential for calculating royalties and monitoring the overall performance of the franchise system.
Prospective franchisees should confirm with Best Brains if CSG Forte is still the designated payment processing service, as this is subject to change. It is also important to understand any costs associated with using the designated payment processing service, as well as the specific reporting requirements and deadlines.