Does Bonchon utilize Stripe Issuing - Accountholder for payment processing?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| This accur | “User Materials” means (a) all Mark or other mater wish to place on Cards; or (b) all other materials th Stripe Issuing Programs. “User Party” means you, your Affiliate, or a directo “Verifiable Individual” means an individual whose Stripe Identity Services. “Verification Data” means all data, information, ph copies of documents) submitted through the Strip Services Terms | ials that you or a Stripe Issuing Accountholder at you provide to Stripe for the purposes of the r, employee or agent of you or your Affiliate. Verification Data is submitted through the otos, ID Images, and documents (including e Identity Services. | lder f the |
|---|---|---|---|
| Stripe Payments | |||
| Stripe Connect - Platform | |||
| Stripe Automatic Currency Conversion | |||
| Stripe Climate | |||
| Stripe Data Pipeline | |||
| Stripe Financial Connections | |||
| Stripe Identity | |||
| Stripe Issuing - Accountholder | |||
| Stripe Issuing - Platform |
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon utilizes Stripe Issuing - Accountholder for payment processing. The FDD lists "Stripe Issuing - Accountholder" as part of its receipts.
Furthermore, the document defines key terms related to Stripe Issuing, such as "Stripe Issuing Account," which refers to the account an Issuing Bank maintains for a Stripe Issuing Accountholder, and "Stripe Issuing Accountholder," which is defined as a business or organization approved for a Stripe Issuing Account after meeting specific onboarding requirements. The document also defines "Stripe Issuing Accountholder Services" as services Stripe and its affiliates provide to Stripe Issuing Accountholders on behalf of Issuing Banks. These services include integration with Issuing Banks, providing access to Cards, and enabling management of Card spending.
For a prospective Bonchon franchisee, this indicates that the franchise uses Stripe's services for managing card issuing and related financial processes. This likely means franchisees will need to adhere to Stripe's terms and conditions, including data processing agreements and security protocols, as outlined in the FDD. Franchisees should familiarize themselves with these terms to ensure compliance and understand their responsibilities regarding data security and customer information.
It is important for potential franchisees to understand how Bonchon integrates Stripe's services into its overall technology platform, as described in Section 5.05, which discusses technology fees and the provision of upgraded or new technology. Franchisees should also inquire about any specific training or support provided for using the Stripe platform and managing related financial transactions.