What is the fee for a dishonored check or failed electronic transfer to Spray Net?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
rge a late fee amounting to $500 in connection with any payment that is late or that Franchisor is unable to collect via Franchisee's Payment Account. Entitlement t
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, a franchisee will be charged $50.00 for each check or electronic transfer made to Spray Net that is dishonored, fails to process, or is returned. This fee is intended to cover the administrative costs and potential financial losses incurred by Spray Net due to the failed payment.
This type of fee is relatively standard in franchising and other business contexts. It is important for prospective Spray Net franchisees to be aware of this fee and ensure they have sufficient funds available when making payments to avoid incurring it. Franchisees should also ensure that their banking information is accurate and up-to-date to prevent electronic transfer failures.
It is also important to note that this fee is in addition to any other fees or charges that may be imposed by the franchisee's bank or financial institution for the dishonored check or failed electronic transfer. Therefore, the total cost to the franchisee could be higher than just the $50.00 fee charged by Spray Net.