Who is responsible for the costs of electronic funds transfer for payments to Bonchon?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
All Continuing Royalty and System Brand Fund Contribution payments to us under the Franchise Agreement must be made by electronic funds transfer or other similar technology we designate that is designed to accomplish the same purpose. You must pay all costs of electronic funds transfer or other similar technology we designate.
Source: Item 6 — OTHER FEES (FDD pages 13–24)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the franchisee is responsible for covering the costs associated with electronic fund transfers. Specifically, all Continuing Royalty and System Brand Fund Contribution payments to Bonchon must be made via electronic funds transfer or similar technology that Bonchon designates.
This means that as a Bonchon franchisee, you will need to ensure that you have the means to make these payments electronically and that you factor in any associated costs, such as transaction fees charged by your bank or payment processor. These costs are in addition to the royalty and brand fund contribution percentages of your gross revenues.
It is important for prospective franchisees to understand and budget for these expenses, as they can impact the overall profitability of the Bonchon franchise. Franchisees should inquire about the specific technologies Bonchon designates for these transfers to understand the full scope of potential costs.