What is the Bumper Man franchisee's obligation regarding financial center services?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
(c) Credit Card and Other Methods of Payment. Franchisor may, at its option, designate in writing credit and debit card issuers or sponsors check or credit verification services, financial center services, and electronic funds transfer systems, and upon any such designation by Franchisor, Franchisee must maintain credit card relationships with such credit and debit card issuers or sponsors check or credit verification services, financial center services, and/or electronic funds transfer systems in connection with the operation of the Bumper Business and refrain from using any services or providers that Franchisor has not approved in writing or for which Franchisor has revoked its approval. Franchisor may modify its requirements and designate additional approval or required methods of payment and vendors for
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, Bumper Man may designate in writing certain credit and debit card issuers or sponsors, check or credit verification services, financial center services, and electronic funds transfer systems. If Bumper Man makes such a designation, the franchisee must maintain credit card relationships with the designated entities for financial services.
This means a Bumper Man franchisee may be required to use specific payment processing services or financial institutions chosen by the franchisor. The franchisee must use only those services or providers approved in writing by Bumper Man and cannot use any services for which Bumper Man has revoked approval.
Bumper Man retains the right to modify these requirements and designate additional approved or required methods of payment and vendors. This ensures that Bumper Man can maintain consistency and control over payment processing and financial transactions within its franchise system. It is a fairly common practice in franchising to ensure brand consistency and potentially negotiate better rates with vendors by leveraging the collective buying power of the franchise network.