How does Card My Yard handle payment processing for customer transactions?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
C. Payment Processing. Unless we direct otherwise in writing, you must require all of your customers to pay for all services and products through our payment processing system accessible only on our Card My Yard website ("Payment Processing System"). We have established the Payment Processing System to help Card My Yard franchisees operate their businesses more efficiently by minimizing the bookkeeping and accounting burden, as well
as to simplify the overall administrative functions. Under the Payment Processing System, we are responsible for processing all payments received from your customers. You will direct each of your customers to pay us online through the Payment Processing System for all services and products you sell to them. We will process payments received from your customers, but, ultimately you are solely responsible for taking the steps necessary to ensure that your customers pay in full before you provide the applicable services or products to them. In the event that a customer fails to pay in full and in advance through the Payment Processing System, you shall not provide any services or products to such customer. For all payments owed to us, you are required to provide at the time of signing this Franchise Agreement and to maintain a current ACH payment authorization, in the form available from us or in the Operations Manual.
- D.
Payment of Net Proceeds to You.
Your Net Proceeds will be distributed to you on a weekly basis while this Agreement remains in effect, subject to delay for bank holidays.
Net Proceeds distributions will be made to you every Friday (subject to delay for bank holidays), provided that distribution date schedules may change from time to time, at our option, upon written notice to you.
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 use Card My Yard's designated payment processing system for all customer transactions, unless otherwise directed in writing by the company. This system is accessible through the Card My Yard website and is designed to streamline operations by reducing bookkeeping and simplifying administrative tasks for franchisees.
The payment processing system mandates that all customers pay online through the Card My Yard website for services and products. Card My Yard is responsible for processing these payments. However, franchisees are ultimately responsible for ensuring that customers pay in full before services are rendered. If a customer does not pay in full through the payment processing system, the franchisee is prohibited from providing any services or products.
Card My Yard distributes the franchisee's net proceeds on a weekly basis, typically every Friday, although this schedule may be subject to change with written notice. To facilitate payments to Card My Yard, franchisees must provide and maintain a current ACH payment authorization at the time of signing the Franchise Agreement. This system ensures that Card My Yard maintains control over the financial transactions and revenue streams within the franchise network, while also providing franchisees with a structured payment processing solution.