For Crown Gold Exchange, what is the required payment method for royalty fees and other amounts due?

According to Crown Gold Exchange's 2024 Franchise Disclosure Document, royalty fees and other amounts due must be paid via preauthorized bank draft. However, Crown Gold Exchange retains the right to require an alternative payment method at their discretion.

This means that as a franchisee, you must initially authorize Crown Gold Exchange to automatically withdraw funds from your bank account to cover royalty fees and any other financial obligations you may have. This is a fairly common practice in franchising, as it ensures timely payments and reduces administrative burdens for both the franchisee and franchisor.

However, the FDD also states that Crown Gold Exchange can change the required payment method. While the FDD does not specify what these alternative payment methods might be, it is important for a prospective franchisee to understand that the payment method could change during the term of the franchise agreement. It would be prudent to inquire with Crown Gold Exchange about what alternative payment methods they might require in the future and under what circumstances they would implement such changes.