What are 'Conveyed Transactions' in the context of the Even Hotels agreement?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) Conveyed Transactions. The following terms apply to Conveyed Transactions: (a) Processor (not Bank) will provide an Authorization response to Authorization requests; (b) Processor and Bank do not have any responsibility or liability for funding, sponsoring, or settling Conveyed Transactions; (c) you must enter into, and comply with the terms of, a separate agreement with the Card Organization or Issuer that settles Conveyed Transactions ("Issuer Agreement"), and must pursue directly with such Card Organization or Issuer all related claims and disputes; (d) the Card Organization or Issuer that settles Conveyed Transactions may charge additional fees and amounts, for which you are exclusively responsible and liable; and (e) if the Issuer Agreement has been terminated, suspended, or is not in effect, Processor does not have any obligation to provide any Services for Conveyed Transactions.
- (d) Fees. You shall pay us the fees for Conveyed Transactions and other Non-Bank Services as set forth on your Application, MPA Addendum, Fee Schedule, and/or other Schedules, or as we otherwise disclose to you. Fees for Non-Bank Services may be charged and collected in any manner that other Servicers Fees, Third Party Based Fees, and other amounts may be charged and collected under the Agreement.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, 'Conveyed Transactions' are a specific type of transaction governed by particular terms. The Processor, not the Bank, provides authorization responses for authorization requests related to Conveyed Transactions.
Neither the Processor nor the Bank assumes responsibility or liability for funding, sponsoring, or settling these Conveyed Transactions. As an Even Hotels franchisee, you are required to enter into a separate agreement with the Card Organization or Issuer that settles Conveyed Transactions, referred to as the "Issuer Agreement." You are also responsible for pursuing all related claims and disputes directly with that Card Organization or Issuer.
The Card Organization or Issuer settling Conveyed Transactions may impose additional fees and amounts, for which the franchisee is exclusively responsible and liable. If the Issuer Agreement is terminated, suspended, or not in effect, the Processor has no obligation to provide any services for Conveyed Transactions. Franchisees must pay the fees for Conveyed Transactions as outlined in their Application, MPA Addendum, Fee Schedule, or other disclosed schedules.