What is the monthly EFT processing fee that Itan franchisees must pay?

According to Itan's 2025 Franchise Disclosure Document, franchisees are required to pay a monthly Electronic Funds Transfer (EFT) processing fee of $10. This fee covers Itan's provision of electronic funds processing services on behalf of the franchisee, specifically for customers who have signed a membership or service agreement that authorizes electronic debiting of their accounts.

This means that each Itan salon will incur a recurring monthly charge of $10 for the franchisor to handle the electronic processing of customer payments. This fee is separate from other technology fees and royalty fees that franchisees must pay. It is important for prospective franchisees to factor this ongoing cost into their financial projections.

Itan retains the right to credit the franchisee's account for the customer payment amount, after deducting any applicable bank fees or charges. Additionally, Itan can deduct any past due payments owed to them or their affiliates from the monies the customer owes the franchisee under the membership or service agreement. Itan also reserves the right to terminate this service with a 60-day prior notice. This fee is relatively low compared to other franchise systems, where payment processing fees can vary significantly based on transaction volume and the provider used.