What are the specific circumstances under which Stripe might approve Bonchon creating a Stripe Account after a suspension?

According to Bonchon's 2025 Franchise Disclosure Document, a franchisee or their representative must not attempt to create a Stripe Account if their use of Stripe services was previously suspended or terminated by Stripe, unless Stripe provides explicit approval. This condition is outlined within the General Terms section pertaining to Stripe Accounts.

This stipulation means that if a Bonchon franchisee has had their Stripe account suspended or terminated for any reason, they are prohibited from creating a new account without direct authorization from Stripe. This measure is likely in place to prevent individuals or businesses from circumventing previous disciplinary actions taken by Stripe for violations of their terms of service or other policies.

For a prospective Bonchon franchisee, this highlights the importance of maintaining a Stripe account in good standing. Any prior issues with Stripe accounts could impact the franchisee's ability to utilize Stripe for their Bonchon business. It would be prudent for a potential franchisee to inquire with Bonchon about any specific guidelines or best practices related to Stripe usage to ensure compliance and avoid potential disruptions.