For merchants who utilize our reconciliation feature, we do one reconciliation per period and for that period a franchisee will get one withdrawal or one deposit, depending on whether they owe or are owed net for the period. For that ACH transaction, they are charged the fee, typically once a month. So in essence they are batched.
Things to know:
- If a franchisee does not have a reconciliation fee set, we will defer to the franchise (parent) company reconciliation fee (if that is set).
- If a reconciliation fee is not set on the parent or child, no reconciliation fee will be charged.
Scenario 1:
A franchise owner has 4 locations, all are on the same account and all 4 are using the same bank account (ACH account). In January, there was one deposit made to the various locations (Location A - $100, Location B - $300, etc). The location owner would be charged one $5 fee for the month.
Scenario 2:
A franchise owner has 4 locations but accounts are separate (some do this as locations could be using different LLCs). Example A & B are on one account, but C & D are separate, so he/she has 3 accounts. They would have 3 ACH fees each month.