How does a Bonchon franchisee make payments to Paytronix?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Fees. Franchisee agrees to pay Paytronix the one-time and recurring fees, in the amounts, at the times and subject to the conditions of the Master Service Agreement between the Paytronix and the Franchisor.
ALL FEES WILL BE PAID TO PAYTRONIX BY AN AUTOMATED CLEARING HOUSE (ACH) TRANSACTION INITIATED BY PAYTRONIX. A BILLING SUMMARY REPORT WILL BE AVAILABLE ON THE 1st OF EACH MONTH VIA THE INTERNET AT WWW.PXSWEB.COM. THE ACH WILL BE POSTED BY THE 10TH OF EACH MONTH.
Taxes. All payments required by this Agreement are exclusive of federal, state, local and foreign taxes, duties, tariffs, levies, withholdings and similar assessments (e.g., sales taxes, use taxes and value added taxes), and Franchisee agrees to be responsible for payment thereof, exclusive of any tax based on Paytronix's income.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, payments to Paytronix, for fees, are made via Automated Clearing House (ACH) transaction initiated by Paytronix. A billing summary report is available on the 1st of each month via the internet. The ACH will be posted by the 10th of each month.
This means that as a Bonchon franchisee, you will need to authorize Paytronix to debit your designated bank account for any fees owed. These fees are outlined in the Master Service Agreement between Paytronix and Bonchon. Franchisees can expect to see a detailed billing report online at www.pxsweb.com at the start of each month, giving them roughly ten days to review the charges before the ACH transaction occurs.
It is also important to note that the franchisee is responsible for all federal, state, local, and foreign taxes, duties, tariffs, levies, withholdings, and similar assessments, excluding any tax based on Paytronix's income. Franchisees should ensure that their accounting practices account for these tax obligations separately from the fees paid to Paytronix for services rendered.