Does Pearce Bespoke have the right to modify its requirements for approved methods of payment?
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, Pearce Bespoke retains the right to modify requirements regarding approved methods of payment. Specifically, Pearce Bespoke can designate additional approved or required methods of payments and vendors for processing such payments.
This means that as a franchisee, you must maintain credit card relationships with the credit and debit card issuers or sponsors, check or credit verification services, financial-center services, and electronic-funds transfer systems that Pearce Bespoke designates. You are prohibited from using any such services or providers that Pearce Bespoke has not approved in writing.
Furthermore, as a Pearce Bespoke franchisee, you must comply with all credit card policies, the Payment Card Industry Data Security Standards (PCI DSS) as they may be revised, FACTA, and any other card payment standards Pearce Bespoke may specify. This ensures that all franchisees adhere to the payment processing standards set by Pearce Bespoke.