Franchise Royalty Payments
What is Franchise Royalty Payments?
Automate your franchise's royalty payments! Franchise Royalty Payments works with the Mission Control application to automatically calculate and transfer royalty payments from Franchisee to Franchisor! Collect royalties on a weekly or monthly basis without lifting a finger. The application gives 24 hour review period to adjust the amount before the funds are transferred.
Getting Started with Franchise Royalty Payments
A step by step guide for using the Franchise Royalty Payments App
- Download the Franchise Royalty Payments app from the Clover app market. Make sure you have also downloaded the Mission Control application as well, it is required.
- Create "funding sources" for each of your locations by entering bank account information.
- Designate a "Deposit Account" which is the bank account where the funds will be deposited.
- Create royalties and configure the location it is for, the percentage of net sales to charge, frequency and timing of the royalty.
- The royalty will be calculated according to your configuration, you will then have 24 hours to edit the payment before it is withdrawn
- Funds will become available according to your bank's clearing times
- That's it! Enjoy!
Frequently Asked Questions
Can I cancel a payment after it is calculated?
Yes! Simply navigate to the 'Payments' tab and change the amount to 0. This will cancel any further action
Can I disable a royalty?
Yes click the 'disable' button for the royalty that you would like to disable.
Can I edit a royalty after it is created?
The best way to acheive this would be to delete it and then create a new one with the desired changes
More Help
If you still need more help, you can always shoot us an email at help@abreezetech.com