What forms and methods of payment is an Ella Cafe franchisee required to accept?
Ella_Cafe Franchise · 2024 FDDAnswer from 2024 FDD Document
- (b) Accept debit cards, credit cards, stored value cards, or other non-cash payment systems and methods that Franchisor specifies periodically and participate in Franchisor's required payment procedures and collection of funds relating thereto.
Further Franchisee will acquire and install all necessary hardware and/or software used in connection with these non-cash payment systems and pay the costs associated therewith.
- 7.11 Payment Systems. Franchisee shall accept payment from customers in any form or manner designated by Franchisor (which may include, for example, cash, specific credit and/or debit cards, gift cards, electronic fund transfer systems, and mobile payment systems).
Franchisee shall purchase or lease all equipment and enter into all business relationships necessary to accept payments as required by Franchisor.
Franchisee must at all times comply with payment card industry data security standards (PCI-DSS).
- **7.27.
Currency and Methods of Payment**.
Franchisee shall submit all fees and payments to Franchisor in U.S. dollars.
Likewise, Franchisee shall only accept payments related to the Franchised Business in U.S. dollars.
Franchisee is expressly prohibited from accepting as payment in any other currency, electronic or otherwise, including cryptocurrency and tokens such as Bitcoin, Ethereum, Litecoin, and other digital currencies or tokens.
Franchisee is required to accept all forms and methods o
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2024 FDD)
According to Ella Cafe's 2024 Franchise Disclosure Document, franchisees must accept specific payment methods designated by the company. Ella Cafe requires franchisees to accept debit cards, credit cards, stored value cards, and other non-cash payment systems and methods that Ella Cafe specifies periodically.
Ella Cafe franchisees must also participate in the company's required payment procedures and collection of funds related to these payment methods. To facilitate these non-cash payments, franchisees are responsible for acquiring and installing all necessary hardware and/or software, and they must cover the associated costs.
Furthermore, Ella Cafe mandates that franchisees accept payment from customers in any form or manner designated by the company, which may include cash, specific credit and/or debit cards, gift cards, electronic fund transfer systems, and mobile payment systems. However, franchisees are expressly prohibited from accepting any other currency besides U.S. dollars, including electronic currencies or cryptocurrencies. Franchisees must also comply with payment card industry data security standards (PCI-DSS) at all times.