Where can I find the merchant processing application and agreement that Even Hotels will enter into with Fiserv?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Each licensee will be required to enter into a merchant processing application and agreement with Fiserv, the SCH-approved merchant service provider, and a participation agreement with - SCH (see Exhibit G-4). Your monthly NGP fee may increase according to the terms of the NGP agreement signed at install (no more than a 5% increase from your original quoted rate), based on increases in costs incurred by SCH to provide the service. The exact amount of the fee will be defined on the quote received prior to installation.
Source: Item 6 — OTHER FEES (FDD pages 30–52)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the merchant processing application and agreement with Fiserv, the SCH-approved merchant service provider, can be found in Exhibit G-4. This exhibit also contains the participation agreement with SCH. As a franchisee, you will be required to enter into both of these agreements.
It is important to note that the monthly Next-Gen Payment (NGP) fee may increase based on the terms of the NGP agreement signed at installation, but the increase will be no more than 5% from the original quoted rate. The exact amount of the fee will be defined on the quote received prior to installation. This means that while the initial quote provides an estimate, franchisees should be prepared for a potential increase in the monthly fee, albeit capped at 5%.
Understanding the terms outlined in Exhibit G-4 is crucial for managing the financial aspects of the franchise. Franchisees should carefully review the merchant processing application and agreement with Fiserv, as well as the participation agreement with SCH, to fully understand their obligations and potential costs associated with these services.