What settlement services does GIFT provide to Dq Treat franchisees through its agents?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.4 Settlement. GIFT will, through its Agents, and as Processor, provide certain settlement services to Client and Operated Locations, Participating Franchisee or Sub-Franchisee (the "ACH Settlement Services") through debits and credits to the Operated Locations, Participating Franchisee or Sub-Franchisee Account (as defined below) and the designated accounts of Client (the "Merchant Account") for the net value of Card Transactions.
Operated Locations, Participating Franchisee or Sub-Franchisee must provide Client
with an ACH Authorization in the form of Exhibit A hereto, and by executing this Participation Agreement, hereby confirms its authorization of Client and its service providers (including GIFT and Affiliated Processor, acting on behalf of Client) to initiate debit and credit entries to the Operated Locations, Participating Franchisee or Sub-Franchisee Account as necessary or appropriate to effect any Card transaction and all adjustments and corrections thereto, and as necessary or appropriate to effect any other transfer contemplated by this Participation Agreement. Operated Locations, Participating Franchisee or Sub-Franchisee shall comply with and be bound by any applicable law and the rules and regulations of the National Automated ClearingHouse Association as in effect from time to time.
- Returned Items.
In the event that any debit to Participating Franchisee or Sub- Franchisee Account is 1.5 returned for any reason, including but not limited to, insufficient funds, Participating Franchisee or Sub-Franchisee authorizes Client and its service providers, acting on behalf of Client, to initiate a debit to the Participating Franchisee or Sub-Franchisee Account as set forth in the form of Exhibit A for the original debit amount plus any associated returned item fees (including, but not limited to the "Returned Item Fee" set forth on Exhibit C hereto).
Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to the 2025 Dq Treat FDD, GIFT (First Data Resources, LLC) provides settlement services to Dq Treat franchisees, also referred to as Operated Locations, Participating Franchisees, or Sub-Franchisees, through its agents. These services, termed "ACH Settlement Services," involve processing debits and credits to the franchisee's account and the designated accounts of Dq Treat (referred to as "Client" in this context) for the net value of card transactions.
To facilitate these settlement services, Dq Treat franchisees must provide Dq Treat with an ACH Authorization, as outlined in Exhibit A of the participation agreement. By signing the Participation Agreement, the franchisee authorizes Dq Treat and its service providers, including GIFT and its Affiliated Processor, to initiate debit and credit entries to the franchisee's account. These transactions are necessary to process card transactions and any related adjustments or corrections, as well as any other transfers specified in the Participation Agreement.
The Dq Treat franchisee is obligated to comply with all applicable laws and the rules and regulations set forth by the National Automated Clearing House Association. If any debit to the franchisee's account is returned for any reason, such as insufficient funds, the franchisee authorizes Dq Treat and its service providers to initiate another debit for the original amount, along with any associated returned item fees, as detailed in Exhibit C. This ensures that Dq Treat and GIFT can collect amounts owed under the Participation Agreement, while also reserving their rights to pursue any other available legal remedies.