Can Stripe terminate Bonchon's use of Stripe services?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
ds are deposited into a User Bank Account.
5.2 Holding of Funds.
To the extent Law and the applicable Financial Services Terms permit, Stripe and its applicable Affiliates may invest funds they hold into liquid investments. Stripe or its applicable Affiliates will (a) hold these investments separate from investments made with their own funds; and (b) own, and User will not receive, any earnings from these investments. Stripe's investment of funds will not affect or delay its payout obligations under this Agreement.
5.3 Regulated Money Transmission; Stripe Status.
Certain Services involve regulated money transmission under U.S. Law. To the extent that your use of the Services involves money transmission or other regulated services under U.S. Law, Stripe's Affiliate, SPC, provides those regulated Services, and the SPC terms located on or accessible from the Stripe Legal Page will apply to you, unless the applicable Services Terms specify otherwise. Stripe is not a bank, and does not accept deposits.
5.4 Dormant Accounts.
If you leave any funds dormant in a Stripe Account and you do not instruct Stripe on where to send them, Stripe may deem the funds abandoned by you and deliver them to the appropriate Governmental Authority. However, if Law requires, Stripe will attempt to notify you before doing so.
6. Termination; Suspension; Survival.
6.1 Termination.
- (a) Your Termination. You may terminate this Agreement at any time by closing your Stripe Account. To do so, you must open the account information tab in your account settings, select "close my account" and stop using the Services. If after termination you use the Services again, this Agreement will apply with an Effective Date that is the date on which you first use the Services again.
- (b) Stripe Termination. Stripe may terminate this Agreement (or any part) or close your Stripe Account at any time for any or no reason (including if any event listed in Sections 6.2(a)–(i) of these General Terms occurs) by notifying you. In addition, Stripe may terminate this Agreement
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https://stripe.com/legal/ssa 8/46
(or relevant part) for cause if Stripe exercises its right to suspend Services (including under Section 6.2 of these General Terms) and does not reinstate the suspended Services within 30 days.
- (c) Termination for Material Breach. A party may terminate this Agreement immediately upon notice to the other party if the other party materially breaches this Agreement, and if capable of cure, does not cure the breach within 10 days after receiving notice specifying the breach. If the material breach affects only certain Services, the non-breaching party may choose to terminate only the affected Services.
- (d) Effect on Other Agreements.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Stripe has the ability to terminate the Stripe Services Agreement. The agreement begins when the franchisee first accesses or uses the services and continues until either the franchisee or Stripe terminates it.
Stripe may terminate the agreement at any time for any reason by notifying the franchisee. Additionally, Stripe can terminate the agreement if it suspends services and does not reinstate them within 30 days. A party may also terminate the agreement immediately if the other party materially breaches the agreement and fails to cure the breach within 10 days of notice.
Stripe may also immediately suspend services to the franchisee under certain conditions. These include if Stripe believes it will violate any law, a Governmental Authority requires it, the franchisee does not update their implementation of the services, the franchisee does not respond to Stripe's request for information, the franchisee breaches the agreement, the franchisee enters an Insolvency Proceeding, or Stripe believes the franchisee is engaged in activities that present an unacceptable risk or harm to Stripe or third parties.