According to the 2025 Floyds 99 Franchise Disclosure Document, franchisees are required to make National Marketing Contribution payments via electronic funds transfer. Specifically, franchisees must authorize the electronic transfer of funds from their designated bank account to Floyds 99 Franchising, LLC's account for the payment of Royalties, National Marketing Contributions, and other obligations. This authorization is formalized through an Electronic Funds Transfer Authorization agreement, which must be executed no later than 30 days before the barbershop opens.

This agreement allows Floyds 99 to directly deduct payments from the franchisee's account, ensuring timely remittance of fees. The franchisee's bank is authorized to accept these payment entries without being held responsible for their accuracy. This process streamlines payment collection for Floyds 99 and ensures consistent funding for the National Marketing Fund, which supports advertising and marketing programs.

This method of payment is fairly common in franchising, as it provides convenience and reliability for both the franchisor and franchisee. Franchisees should ensure they understand the terms of the Electronic Funds Transfer Authorization agreement and maintain sufficient funds in their account to cover the required payments. Any discrepancies or disputes regarding payment amounts should be promptly addressed with Floyds 99 to avoid potential issues.