Can Stripe suspend Bonchon's use of Stripe services?
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
that Stripe observes; (iv) degrades, or may degrade, the security, stability or reliability of the This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
https://stripe.com/legal/ssa 9/46
Stripe services, Stripe Technology or any third party's system (e.g., your involvement in a distributed denial of service attack); (v) enables or facilitates, or may enable or facilitate, illegal or prohibited transactions; or (vi) is or may be unlawful.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Stripe has the authority to immediately suspend providing any or all services, including access to Stripe Technology, to a Bonchon franchisee under certain conditions. These conditions include if Stripe believes it will violate any law, a Governmental Authority or Financial Partner requires it, the franchisee does not update their implementation of the Services or Stripe Technology, or the franchisee does not respond to Stripe's request for User Information.
Stripe can also suspend services if the franchisee breaches the agreement with Stripe or any Financial Services Terms, enters an Insolvency Proceeding, or engages in a business or trading practice that presents an unacceptable risk to Stripe. Additionally, Stripe may suspend services if it believes the franchisee's use of the services is harmful to Stripe or any third party, presents an unacceptable level of credit risk, increases the rate of fraud, degrades the security, stability, or reliability of Stripe services, enables illegal transactions, or is unlawful.
This means that a Bonchon franchisee's ability to process payments through Stripe is contingent upon adhering to Stripe's terms and conditions, as well as maintaining practices that do not pose a risk to Stripe or violate any laws or regulations. Failure to comply with these stipulations could result in an immediate suspension of services, which would significantly impact the franchisee's ability to conduct business. The franchisee should carefully review Stripe's terms and conditions to ensure compliance and avoid any potential disruptions.