Where can I find the Next-Gen Payment Agreement that Even Hotels will enter into with SCH?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Next-Gen Solutions: Upon activation of the NGP program at your Hotel, you will enter into a Next-Gen Payment Agreement with SCH (See Exhibit G-4). SCH will immediately bill you monthly and administer support for the hardware and software. All Hotels are required to use NGP or such successor payments program as may be implemented by SCH. Pursuant to the terms of the Next-Gen Payment Agreement, licensee will be liable for payment to IHG of an early termination fee for any reason equal to (x) 50% of the NGP monthly fee, multiplied by (y) the remaining monthly payments in the term.
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 Next-Gen Payment Agreement that you will enter into with SCH upon activation of the NGP program at your hotel can be found in Exhibit G-4 of the FDD. This agreement outlines the terms and conditions related to the Next-Gen Payment program, which all Even Hotels are required to use. SCH will bill you monthly and administer support for the hardware and software.
The agreement also stipulates that if you terminate the agreement early for any reason, you will be liable for an early termination fee. This fee is calculated as 50% of the NGP monthly fee, multiplied by the number of remaining months in the term.
In addition to the Next-Gen Payment Agreement, you will also 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, both of which can also be found in Exhibit G-4. The monthly NGP fee may increase by no more than 5% 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.