Where can I find the participation agreement that Even Hotels will enter into with SCH for merchant processing?
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 participation agreement with SCH for merchant processing can be found in Exhibit G-4. This agreement is part of the Next-Gen Payment (NGP) program, which all Even Hotels locations are required to use. The NGP program involves a monthly fee, and the exact amount will be defined on a quote received prior to installation.
As part of the NGP program, franchisees must also enter into a merchant processing application and agreement with Fiserv, the SCH-approved merchant service provider. This means that franchisees will be dealing with both SCH and Fiserv for payment processing. The monthly NGP fee may increase, but no more than 5% from the original quoted rate, based on increases in costs incurred by SCH to provide the service.
It's important to note that if a franchisee terminates the NGP agreement early, they 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 monthly payments in the term. Therefore, prospective franchisees should carefully review the terms of the Next-Gen Payment Agreement and consider the potential costs of early termination.