Can the Card My Yard conference registration fee be debited from a franchisee's account?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
ment upon written notice to you and retain 50% of your initial franchise fee. The other 50% of your initial franchise fee will be returned to you.
- G. Conference Fees. We may, at our option, host franchisee conferences (aka "Conferences") from time to time, and you (i.e. each of your owners) must attend each Conference and pay the applicable Conference registration fee in the amount of $250 per person. Th
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, franchisees are required to attend franchisee conferences and pay a $250 registration fee per person. Card My Yard retains the option to debit this $250 fee from the franchisee's designated account via ACH/EFT if the franchisee fails to register and pay for any scheduled conference in a timely manner. This conference registration fee is non-refundable.
This means that if a Card My Yard franchisee misses the deadline to register and pay for a conference, Card My Yard can automatically withdraw the $250 fee from the franchisee's bank account. Franchisees should be aware of conference schedules and registration deadlines to avoid this automatic debit.
Franchisees should maintain sufficient funds in their designated account to cover the conference registration fee, especially as the fee can be automatically debited. Keeping track of deadlines and ensuring timely registration and payment are crucial to avoid any unexpected deductions. Franchisees should also confirm which account is designated for ACH/EFT debits to prevent overdrafts or other banking issues.