factual

Must I use Deck Medic's designated supplier and vendor for credit card processing?

Deck_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

Credit Card Processing You must use our designated supplier and vendor for credit card processing which may be integrated with the point of sale system that we designate.

Credit card processing fees will, generally, be based on a percentage of all credit card processed Gross Sales.

Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 19–22)

What This Means (2024 FDD)

According to Deck Medic's 2024 Franchise Disclosure Document, franchisees are required to use Deck Medic's designated supplier and vendor for credit card processing. This system may be integrated with the point of sale (POS) system that Deck Medic designates. Credit card processing fees are generally based on a percentage of the franchisee's gross sales processed through credit cards.

This requirement ensures uniformity and potentially allows Deck Medic to negotiate favorable processing rates due to the collective volume of all franchisees. It also allows Deck Medic to maintain tighter control over financial transactions within the franchise system and have direct access to sales data.

For a prospective Deck Medic franchisee, this means they will not be able to shop around for potentially lower credit card processing fees or use a preferred vendor. The franchisee should inquire about the specific percentage charged for credit card processing and understand how this cost will impact their overall profitability. It is also important to understand how the credit card processing system integrates with the designated point of sale system, SingleOps, which Deck Medic requires franchisees to exclusively license and use.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.