If there is an overpayment via electronic funds transfer to Degree Wellness, how is it handled?

According to Degree Wellness's 2025 Franchise Disclosure Document, any overpayment made via electronic funds transfer will be credited against future fees. Specifically, if a Degree Wellness franchisee overpays Continuing Franchise Fees, Fund contributions, or other amounts, the overpayment, without interest, will be applied as a credit to offset the amounts that Degree Wellness would otherwise debit from the franchisee's account during the subsequent reporting period.

This policy ensures that franchisees are not unduly penalized for overpayments. Instead of receiving a direct refund, the overpayment is used to reduce the franchisee's financial obligations in the next reporting cycle. This approach simplifies the accounting process for both the franchisee and Degree Wellness, as it avoids the need for issuing refunds and processing separate payments.

It is important to note that the credit is applied without interest. While this is a common practice, prospective franchisees should be aware that they will not receive any interest on the overpaid amount while it is being held as a credit. Franchisees should maintain accurate records of their gross revenues and payments to avoid overpayments and ensure proper crediting.