Is a Card My Yard franchisee required to use Card My Yard's payment processing services?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
You must use our payment processing services throughout the term of your Franchise Agreement. These services include collection of all fees directly from your customers and distribution of funds to you after deducting royalties and any other amounts owed to us. We reserve the right to delegate all or some of our payment processing duties to a third party or parties selected by us at our discretion from time to time. We do not charge you a fee for these services.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 27–32)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, franchisees must use Card My Yard's payment processing services throughout the term of the Franchise Agreement. These services include collecting fees directly from customers and distributing funds to the franchisee after deducting royalties and any other amounts owed to Card My Yard.
Card My Yard retains the right to delegate these payment processing duties to a third party or parties selected by them at their discretion. However, Card My Yard does not charge the franchisee a fee for these payment processing services.
This requirement ensures that Card My Yard maintains control over the collection of revenue and the accurate calculation and deduction of royalties and other fees. While franchisees are obligated to use Card My Yard's system, the FDD states that Card My Yard does not charge a fee for these services.