What payment methods are Itan franchisees required to accept?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.6. Customer Payments. You must, at your expense, lease or purchase the necessary equipment and/or software and have arrangements in place with Visa, MasterCard, American Express and all other credit card issuers we designate, in order for you to be able to accept such methods of payment from customers. You must accept debit cards, credit cards, stored value cards, and other non-cash systems (including, for example, Apple Pay and/or Google Wallet) that we specify. You must acquire and install all necessary hardware and/or software used in connection with these non-cash systems.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, franchisees must be equipped to accept various payment methods. Specifically, Itan franchisees are required to lease or purchase the necessary equipment and/or software to accept Visa, MasterCard, American Express, and any other credit card issuers that Itan designates.
In addition to credit cards, Itan franchisees must also accept debit cards, stored value cards, and other non-cash payment systems that Itan specifies. Examples of such systems include Apple Pay and/or Google Wallet. Franchisees are responsible for acquiring and installing all the necessary hardware and/or software to facilitate these non-cash payment options.
This requirement ensures that Itan franchisees can accommodate a wide range of customer payment preferences, potentially increasing sales and customer satisfaction. However, franchisees should be aware of the costs associated with leasing or purchasing the required equipment and software, as well as any transaction fees associated with accepting different forms of payment. It is also important to stay updated on any changes to the designated credit card issuers or non-cash payment systems specified by Itan, as compliance with these requirements is mandatory.