What is the NSF fee charged by Crepe De Licious for non-sufficient funds?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
percent (15%) per year simple interest or the highest amount allowed under law, on any overdue amount for each day any amount is past due, accruing until the past due amount is paid in full. This provisio
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, if a franchisee's payment is not honored for any reason, such as non-sufficient funds, the franchisee will pay an additional fee of $100. This fee is intended to help Crepe De Licious offset bank charges and administrative expenses incurred as a result of the rejected payment.
This NSF fee is in addition to any late fees that may be assessed if payments are not received on time. Crepe De Licious charges a late fee of $100, plus interest on any overdue amount. The interest is calculated as the lesser of the daily equivalent of 15% per year or the highest amount allowed by law.
It is important for prospective Crepe De Licious franchisees to understand these potential fees and ensure they have sufficient funds available when making payments to avoid incurring these additional costs. Franchisees should also be aware of the accepted payment methods and any associated service charges, such as the potential 4% service charge for credit card payments.