Under what condition is Bonchon prohibited from creating a Stripe Account?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You and your Representative must not attempt to create a Stripe Account on behalf of or for the benefit of a user whose use of the Stripe services was suspended or terminated by Stripe, unless Stripe approves otherwise.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, a franchisee is prohibited from creating a Stripe account if their use of Stripe services has been previously suspended or terminated by Stripe, unless Stripe provides explicit approval otherwise. This condition is outlined within the eligibility requirements for obtaining a Stripe Account.
This stipulation ensures that individuals or businesses with a history of violating Stripe's terms of service or engaging in prohibited activities are restricted from re-accessing the platform through a new account. For a prospective Bonchon franchisee, this means that any prior issues with Stripe, such as violations of their user agreement or involvement in restricted business activities, could prevent them from utilizing Stripe for their Bonchon franchise unless they obtain special permission.
It is important for potential franchisees to disclose any past issues with Stripe during their application process to Bonchon. Failure to do so could lead to complications in setting up necessary payment processing systems for the franchise. Franchisees should proactively address any eligibility concerns with both Bonchon and Stripe to ensure compliance and operational readiness.