What payment methods may Cd One Price Cleaners require for amounts owed?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 1: All fees, unless otherwise specified, are uniform and imposed and collected by, and payable to, us. All fees are non-refundable, unless otherwise specified. We may require you to pay all amounts owed to us or our affiliates by electronic fund transfer, preauthorized auto-draft arrangement ("EFT"), or any other method we periodically specify. You must sign the EFT Authorization Documentation attached to the Franchise Agreement and PUD Addendum and other documents we periodically specify to implement any EFT or other payment method.
Source: Item 6 — Other Fees (FDD pages 13–20)
What This Means (2025 FDD)
According to Cd One Price Cleaners's 2025 Franchise Disclosure Document, franchisees may be required to use specific payment methods for amounts owed to the company or its affiliates. Cd One Price Cleaners may require franchisees to make payments via electronic fund transfer (EFT) or preauthorized auto-draft arrangements.
To facilitate these payment methods, franchisees must sign the EFT Authorization Documentation attached to the Franchise Agreement and PUD Addendum, as well as any other documents Cd One Price Cleaners specifies. This documentation authorizes Cd One Price Cleaners to implement EFT or other specified payment methods.
Cd One Price Cleaners retains the flexibility to specify other payment methods periodically. This allows them to adapt to changing technological and business environments, ensuring they can efficiently collect payments from franchisees. Franchisees should stay informed of any changes to payment methods communicated by Cd One Price Cleaners to remain compliant with their obligations under the Franchise Agreement.