What payment methods are acceptable for the Membership Fee and other fees for an Eos Worldwide franchise?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
The Initial Franchise Fee and the Boot Camp Fee are payable in cash by wire transfer, ACH or such other form of payment reasonably acceptable to us. Any other fees including the Membership Fee, are payable in cash via ACH or through such other payment methods we accept from time to time. Credit or debit card payments, if applicable and permitted, will require you to provide card information authorizing us, our affiliates, or our third-party payment processor to maintain your account information and to charge your card for all applicable fees, including those for your recurring fees (e.g., Monthly Membership Fees) with no further action required by you. We reserve the right to charge a reasonable administrative fee for credit card payments to the extent permitted by applicable law. As a condition to accepting payments by credit or debit card, you agree to the fullest extent permitted by applicable law to waive any rights you may have under applicable law or credit card issuer procedures, to request a credit (or chargeback) from your credit or debit card issuer for disputed charges arising from transactions related to this Agreement. Any disputes regarding any credit or debit card charges shall be addressed with us directly in accordance with the IDR procedures set forth in Section 20.3 below. For ACH or similar payments using your bank account, you shall maintain an account at a national banking institution reasonably acceptable to us, allowing us to electronically withdraw applicable fees due to us or our affiliates from the account, and must maintain a balance in this account sufficient to allow us, our affiliates or our processors to collect all such amounts owed when due. If required by us, you must sign our standard payment authorization form(s) to authorize and direct to the transfer of such funds to us or our affiliates, and shall execute such additional documents as may be reasonably requested by us or your financial institution to evidence such authorization. If you desire to change your payment method on file, you must provide us with at least thirty (30) days prior written notice by completing an updated draft authorization with the updated account information. We reserve the right to assess a reasonable fee upon each such change request to help offset costs we may incur in administering your change request.
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the acceptable payment methods vary depending on the specific fee. The Initial Franchise Fee and Boot Camp Fee are payable in cash by wire transfer, ACH (Automated Clearing House), or another form of payment that Eos Worldwide reasonably accepts. For other fees, including the Membership Fee, payments can be made in cash via ACH or through other payment methods that Eos Worldwide accepts from time to time.
If Eos Worldwide permits credit or debit card payments, franchisees must provide card information to authorize Eos Worldwide, its affiliates, or its third-party payment processor to maintain account information and charge the card for all applicable fees, including recurring fees like Monthly Membership Fees, without requiring further action from the franchisee. Eos Worldwide reserves the right to charge a reasonable administrative fee for credit card payments, to the extent permitted by law. Franchisees also agree to waive their rights to request a credit or chargeback from their credit or debit card issuer for disputed charges related to the franchise agreement, and any disputes must be addressed directly with Eos Worldwide.
For ACH or similar payments, franchisees must maintain an account at a national banking institution acceptable to Eos Worldwide, allowing electronic withdrawals for applicable fees. The account must have sufficient funds to cover all amounts owed. Franchisees may be required to sign a payment authorization form to authorize the transfer of funds. If a franchisee wants to change their payment method, they must provide at least thirty days' prior written notice with updated account information. Eos Worldwide reserves the right to assess a reasonable fee for processing such change requests. If a payment method cannot be authorized or is in error due to expiration or insufficient funds, the franchisee will pay an insufficient funds fee, in addition to any interest on overdue amounts.