Under what circumstances will a Hydrodog franchisee be charged an insufficient funds fee?
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, a franchisee will be charged an insufficient funds fee of $50 if a payment from the franchisee does not successfully convey funds. This can occur due to reasons such as insufficient funds in the franchisee's account, stop payment instructions, or any similar event that prevents the payment from being completed.
This fee is intended to cover the administrative costs and potential losses incurred by Hydrodog when a franchisee's payment is rejected. It serves as a deterrent against submitting payments without ensuring sufficient funds are available. The franchisee is responsible for paying this fee upon demand from Hydrodog.
It is important for prospective Hydrodog franchisees to understand this policy to avoid incurring additional charges. Maintaining sufficient funds and ensuring that payments are processed correctly can help franchisees avoid this fee and maintain a positive financial relationship with Hydrodog. Franchisees should also be aware of other fees and payment terms outlined in the franchise agreement to manage their finances effectively.