Under the Degree Wellness Franchise Agreement, what section discusses the franchise owner's responsibilities regarding credit cards and other payment methods?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
- 10.9 Credit Cards and Other Methods of Payment. You must at all times have arrangements in existence with Visa, Master Card, and any other credit and debit card issuers or sponsors, check verification services, and electronic fund transfer systems that we designate from time to time, in order that the Franchise may accept customers' credit and debit cards, checks, and other methods of payment. We may require you to obtain such services through us or our affiliates or designated third parties.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to the 2025 Degree Wellness Franchise Disclosure Document, Section 10.9, titled "Credit Cards and Other Methods of Payment," outlines the franchisee's responsibilities. It states that franchisees must maintain arrangements with Visa, MasterCard, and other credit/debit card issuers, check verification services, and electronic fund transfer systems designated by Degree Wellness.
This means that as a Degree Wellness franchisee, you are obligated to ensure your business can accept various payment methods, including credit cards, debit cards, checks, and electronic fund transfers. Degree Wellness retains the right to mandate that you obtain these services through them, their affiliates, or designated third parties.
This requirement ensures uniformity and potentially favorable rates for payment processing across the Degree Wellness franchise system. However, it also means franchisees may not have complete freedom to choose their payment processing vendors and must adhere to Degree Wellness's preferred providers.