What is the name of the agreement that requires the participant to provide banking information for Camp Margaritaville?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Section 4.11 Gift Card Program. Franchisee must participate in the program for the sale and processing of gift cards at participating locations (the "Gift Card Program") that Franchisor has established. Concurrent with signing this Franchise Agreement, Franchisee must enter into a franchisee participation agreement with Givex, the third-party provider of transaction processing and settlement
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Camp Margaritaville franchisees must participate in the Gift Card Program. To do so, franchisees must enter into a franchisee participation agreement with Givex, the third-party provider of transaction processing and settlement, concurrent with signing the Franchise Agreement.
This agreement likely requires the franchisee to provide banking information to Givex to facilitate the processing of gift card transactions and the settlement of funds. This is a standard practice in franchise systems that utilize gift card programs, as it ensures that transactions are processed efficiently and that funds are properly allocated between the franchisor, franchisee, and any third-party vendors involved.
As a prospective franchisee, it is important to carefully review the franchisee participation agreement with Givex to understand the specific terms and conditions related to banking information, transaction processing, and fund settlement. Franchisees should also inquire about any fees associated with the Gift Card Program and how these fees are allocated.