Does Bonchon utilize Stripe Connect - Platform for payment processing?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
he expenses we or our Affiliates incur in developing, upgrading, enhancing, implementing, operating, maintaining, supporting, hosting, securing, and integrating new and
existing software and technology platforms for Bonchon Restaurants and providing such upgraded or new technology to you. Such platforms may include, without limitation, restaurant operating systems, product and customer distribution channels, customer facing applications, customer mobile applications, online ordering apps, e-commerce and payment processing systems, supply chain systems for use by and for the benefit of Bonchon Restaurants or other upgraded or new software or hardware for the franchised Business. The Technology Fee may be adjusted (including the structure of the Technology Fee (e.g., percentage of sales, flat fee and/or transaction-based fee) at any time with sixty (60) days' prior written notice to you, and subject to the maximum amount stated above in this paragraph. The Technology Fee will be due and payable at the same time as the Continuing Royalty set forth in Section 0, or as otherwise defined by us.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon utilizes software and technology platforms that may include payment processing systems. Bonchon may provide upgraded or new technology to franchisees, which could include restaurant operating systems, customer-facing applications, online ordering apps, and e-commerce platforms. These platforms are intended to benefit Bonchon Restaurants.
The Technology Fee, which franchisees are required to pay, supports these technology platforms. This fee can be adjusted by Bonchon with sixty days' prior written notice. The structure of the Technology Fee may be a percentage of sales, a flat fee, or a transaction-based fee.
Additionally, the FDD defines terms related to Stripe, including "Stripe Connect Platform," "Stripe Connect Services," and "Stripe Account," suggesting that Bonchon franchisees may interact with the Stripe platform for payment processing. The document outlines the relationship between a Stripe Connect Platform and its users, including data sharing and responsibilities. Franchisees should carefully review their Platform Provider Agreement to understand the services provided and the activities conducted on their behalf.