How are all other fees payable to Pump It Up paid?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
- (4) All other fees payable to us pursuant to this Agreement shall be paid by electronic debit from your EDTA as due.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, all fees other than Royalty and Brand Fund contributions are paid via electronic debit from the franchisee's Electronic Depository Transfer Account (EDTA). This means Pump It Up will automatically withdraw the amounts due for any other fees directly from the franchisee's business checking account.
This payment method ensures that Pump It Up receives payments promptly and efficiently. The franchisee must sign documents authorizing these electronic debits. It is the franchisee's responsibility to ensure sufficient funds are available in the EDTA to cover these withdrawals on the due dates.
Pump It Up retains the right to request payment via other methods, such as a check, if they deem it necessary. This could occur if there are issues with the electronic debit system or concerns about the franchisee's payment history. Additionally, for product purchases from Pump It Up or its affiliates, prepayment or cash on delivery may be required, depending on the franchisee's payment history and Pump It Up's current policies.