What happens if Bonchon's representative does not meet the eligibility requirements outlined in the Stripe Services Agreement?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
6.2 Suspension.
Stripe may immediately suspend providing any or all Services to you, and your access to the Stripe Technology, if:
- (a) Stripe believes it will violate any Law, Financial Services Terms or Governmental Authority requirement;
- (b) a Governmental Authority or a Financial Partner requires or directs Stripe to do so;
- (c) you do not update in a timely manner your implementation of the Services or Stripe Technology to the latest production version Stripe recommends or requires;
- (d) you do not respond in a timely manner to Stripe's request for User Information or do not provide Stripe adequate time to verify and process updated User Information;
- (e) you breach this Agreement or any other agreement between the parties;
- (f) you breach any Financial Services Terms;
- (g) you enter an Insolvency Proceeding;
- (h) Stripe believes that you are engaged in a business, trading practice or other activity that presents an unacceptable risk to Stripe; or
- (i) Stripe believes that your use of the Services (i) is or may be harmful to Stripe or any third party;
- (ii) presents an unacceptable level of credit risk; (iii) increases, or may increase, the rate of fraud
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
Based on the 2025 Bonchon Franchise Disclosure Document, Stripe may immediately suspend providing any or all Services to you, and your access to the Stripe Technology, if Stripe believes it will violate any Law, Financial Services Terms or Governmental Authority requirement. This means that if the Bonchon franchisee's representative does not meet the eligibility requirements outlined in the Stripe Services Agreement, Stripe has the right to suspend services.
Additionally, Stripe may suspend services if a Governmental Authority or a Financial Partner requires or directs Stripe to do so, or if the franchisee breaches the Agreement or any other agreement between the parties. This could occur if the representative does not provide Stripe adequate time to verify and process updated User Information.
Furthermore, Stripe can suspend services if the franchisee is engaged in a business, trading practice or other activity that presents an unacceptable risk to Stripe, or if the use of the Services is or may be harmful to Stripe or any third party. This includes situations where the use of services presents an unacceptable level of credit risk, increases the rate of fraud, degrades the security, stability or reliability of the Stripe services, enables illegal or prohibited transactions, or is or may be unlawful.