Is a Pearce Bespoke franchisee required to comply with credit card policies?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
At all times, Franchisee must maintain credit card relationships with the credit and debit card issuers or sponsors, check or credit verification services, financial-center services, and electronic-fundstransfer systems that Franchisor designates, and Franchisee must not use any such services or providers that Franchisor has not approved in writing. Franchisor has the right to modify its requirements and designate additional approved or required methods of payments and vendors for processing such payments. Franchisee must comply with all credit card policies. The Franchisee must comply with the Payment Card Industry Data Security Standards ("PCI DSS") as they may be revised and modified by the Payment Card Industry Security Standards Council or its successor organization, FACTA and any other card payment standards Franchisor may specify.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees are required to adhere to specific credit card and payment processing standards. Pearce Bespoke mandates that franchisees maintain credit card relationships with designated credit and debit card issuers, check or credit verification services, financial-center services, and electronic-funds-transfer systems. Franchisees are prohibited from using any such services or providers that Pearce Bespoke has not explicitly approved in writing. Pearce Bespoke retains the right to modify these requirements and designate additional approved or required methods of payments and vendors for processing such payments.
Pearce Bespoke franchisees must comply with all credit card policies. This includes adherence to the Payment Card Industry Data Security Standards (PCI DSS) as revised by the Payment Card Industry Security Standards Council, the Fair and Accurate Credit Transactions Act (FACTA), and any other card payment standards that Pearce Bespoke may specify.
This requirement ensures that all Pearce Bespoke franchises maintain consistent and secure payment processing practices, which protects both the franchisee and the customer. It also allows Pearce Bespoke to control the quality and security of financial transactions across its franchise network. A prospective franchisee should be prepared to integrate these approved systems and comply with all related policies to maintain their franchise agreement in good standing.