What are 'Credit Card Vendors' as defined in the Crepe De Licious franchise agreement?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree not to use any Credit Card Vendor for which we have not given you our prior written approval or as to which we have revoked our earlier approval.
We have the right to modify our requirements and designate additional approved or required methods of payment and vendors for processing such payments, and to revoke our approval of any service provider.
You agree to comply with the then-current Payment Card Industry Data Security Standards as those standards may be revised and modified by the PCI Security Standards Council, LLC (see
www.pcisecuritystandards.org), or any successor organization or standards that we may reasonably specify. Among other things, you agree to implement the enhancements, security requirements, and other standards that the PCI Security Standards Council (or its successor) requires of a merchant that accepts payment by credit and/or debit cards.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, franchisees must obtain prior written approval from Crepe De Licious before using any credit card vendor. Crepe De Licious also retains the right to revoke previously granted approvals for service providers.
This requirement allows Crepe De Licious to maintain control over payment processing and ensure that all franchisees use secure and reliable vendors. It also enables Crepe De Licious to potentially negotiate favorable rates or terms with specific vendors, benefiting the entire franchise system.
Furthermore, Crepe De Licious requires franchisees to comply with the Payment Card Industry Data Security Standards as set by the PCI Security Standards Council. This includes implementing necessary security enhancements and requirements to protect customer data when accepting credit and debit card payments. Franchisees can find more information on these standards at www.pcisecuritystandards.org.