What is the purpose of the Card My Yard Payment Processing System?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, franchisees must use the Payment Processing System available on the Card My Yard website, unless Card My Yard directs otherwise in writing. The Payment Processing System is designed to streamline operations for Card My Yard franchisees by reducing bookkeeping and accounting tasks and simplifying administrative functions.
Under this system, Card My Yard is responsible for processing all payments received from customers. Franchisees must direct their customers to make online payments through the Payment Processing System for all services and products. However, franchisees are ultimately responsible for ensuring that customers pay in full before providing any services or products. If a customer does not pay in full and in advance through the Payment Processing System, the franchisee is prohibited from providing any services or products to that customer.
To ensure payments are made to Card My Yard, franchisees must provide and maintain a current ACH payment authorization at the time of signing the Franchise Agreement. This allows Card My Yard to deduct any owed amounts directly from the franchisee's designated account. The Net Proceeds, which is the revenue remaining after certain deductions, will be distributed to the franchisee on a weekly basis, typically every Friday, although this schedule may change with written notice from Card My Yard.