When is the Credit Card Processing Fee due for a Ledgers franchise?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Credit Card Processing Fee | The actual amount charged by third party credit card processor The actual amount charged by third party credit card processor | As incurred |
Source: Item 6 — OTHER FEES (FDD pages 17–20)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the Credit Card Processing Fee is due as incurred. This fee covers the actual amount charged by the third-party credit card processor.
For a Ledgers franchisee, this means that the expense will be paid when the charge from the credit card processor is incurred. This is a common practice, as it ensures that the franchisee directly covers the costs associated with credit card transactions, without any markup from Ledgers itself.
It is important for prospective franchisees to factor in these ongoing processing fees when projecting their operating expenses. While the FDD specifies that the fee is the 'actual amount charged,' franchisees should confirm which credit card processors are approved by Ledgers and compare rates to ensure they are getting competitive pricing.