Can TMC or its affiliates modify the Circle K Credit Card Program?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
Purchaser agrees to participate fully in and comply with the terms and conditions of TMC's program regarding acceptance and processing of payments in connection with customer purchases of products and services of the Circle K Business using credit cards, debit cards, stored value cards and all other types of transaction payment cards that have been approved by TMC or its affiliates from time to time, as such program may be modified from time to time by TMC or its affiliates (the "Credit Card Program").
Purchaser's participation in any Credit Card Program will be subject to all of the terms and conditions established from time to time by TMC or its affiliates.
Source: Item 22 — CONTRACTS (FDD page 100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, TMC Franchise Corporation (TMC) or its affiliates can modify the Circle K Credit Card Program. As stated in the Credit Network Agreement, the franchisee, referred to as the Purchaser, agrees to participate fully in TMC's program regarding the acceptance and processing of payments using credit cards, debit cards, stored value cards, and other transaction payment cards approved by TMC or its affiliates. This program, referred to as the "Credit Card Program", may be modified from time to time by TMC or its affiliates.
This means that Circle K franchisees must adhere to any changes TMC or its affiliates make to the Credit Card Program. These modifications could include changes to accepted payment methods, processing procedures, or the terms and conditions for using the program. The franchisee's participation in the Credit Card Program is subject to all terms and conditions established by TMC or its affiliates.
This provision gives Circle K significant control over the Credit Card Program and requires franchisees to stay informed about and adapt to any changes implemented by TMC. It is important for prospective franchisees to understand that they must comply with these modifications as part of their agreement.