With whom is Even Hotels required to enter into a merchant processing application and agreement?
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, franchisees are required to enter into a merchant processing application and agreement with Fiserv, who is the SCH-approved merchant service provider. Franchisees must also enter into a participation agreement with SCH.
This requirement ensures that all Even Hotels locations use a standardized payment processing system. This standardization likely helps with brand consistency and simplifies financial reporting and reconciliation for both the franchisee and the franchisor, SCH.
It is important for prospective franchisees to understand the terms of both the merchant processing agreement with Fiserv and the participation agreement with SCH, as these agreements will govern how customer payments are processed and the associated fees. Franchisees should carefully review Exhibit G-4, which contains these agreements, to fully understand their obligations and potential costs.