What is the insufficient funds fee charged by Hydrodog if a payment is rejected?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
on in this Agreement concerning Late Payment Fees does not mean that we accept or condone late payments, nor does it indicate that we are willing to extend credit to, or otherwise finance the operation of, your HydroDog Business.
- 6.13 **Insufficient F
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, if a franchisee's payment is rejected due to insufficient funds, stop payment instructions, or a similar event, Hydrodog will charge an insufficient funds fee of $50.00. This fee is due upon demand.
This means that if a franchisee's payment method fails, they will incur an additional $50 fee on top of the original amount due. This is a fairly standard practice in franchising and other business relationships, as it covers the administrative costs associated with handling rejected payments.
It is important for prospective Hydrodog franchisees to maintain sufficient funds in their accounts to avoid these fees. Franchisees should also be aware that Hydrodog has the right to apply any payments to past due indebtedness and can offset amounts owed to the franchisee by amounts the franchisee owes to Hydrodog or its affiliates.