For a Budget franchise, when is the Wizard Administrative Reporting Service Fee due?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| a. Accounts Receivable Processing Fee | Our then-current charge. Currently it is 2%–7% of charges incurred. | When transaction is processed | Variable rate by business segment. Central billing is currently 3.0% for Budget Licensees who process reservations via Wizard only and 4.5% for Budget Licensees who do not use Wizard as their front end rental processing system. The direct bill charge card fee is up to 7%. These fees are subject to change. |
| b. Voucher Processing Fee | Our then-current charge. Currently it is 0.5%-4.5% of charges incurred net of tour operator commissions. | When transaction is processed | The payment processing fee for voucher processing is 3.0% for Budget Licensees who process reservations via Wizard only and 4.5% for Budget Licensees who do not use Wizard as their front end rental processing system. |
Source: Item 6 — OTHER FEES(1) (FDD pages 17–29)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the due date for the Accounts Receivable Processing Fee and the Voucher Processing Fee are listed as "When transaction is processed." These fees are related to Budget licensees who process reservations via Wizard. Specifically, the Accounts Receivable Processing Fee is currently 3.0% for Budget Licensees who process reservations via Wizard only, while the Voucher Processing Fee is 3.0% for Budget Licensees who process reservations via Wizard only.
It is important to note that these fees are subject to change. The fees are imposed when a Budget Franchise accepts charge cards and other forms of payment according to Budget's standards of performance in the Manual. Budget imposes and collects these fees through the Payment Program (paragraph 6.4 of the Budget License Agreement).
Prospective franchisees should confirm the current rates and any additional fees associated with Wizard and other processing systems directly with Budget, as well as understanding the specific conditions outlined in the Budget License Agreement and related manuals.