A McDonalds franchising fee is rising as blockchain becomes more mainstream.
In a report from CoinDesk, a company that monitors payments for businesses, McDonalds Franchise Services said its fee for the franchise service provider would rise from $50 to $70 per month, as more people adopt the blockchain technology.
The franchise fees have risen by 1.4% per month since June.
McDonalds’ new franchise fees include a 15% tax on all transactions, which will increase from 2% to 3% of the transaction price.
That’s a far cry from the 4% to 5% tax the company currently imposes on all other franchisees.
The franchise fee is a way for McDonalds to charge more to its franchisees for the privilege of doing business with the company, the company said in a statement.
It also allows the company to provide a higher level of service and to increase customer satisfaction, according to McDonalds.
McDonald’s Franchise Services’ CEO Kevin Hall said the increase in franchise fees is the result of the company’s ongoing focus on delivering value for its franchise customers.
“The cost of doing our business is a product that’s built into the product,” he said.
“We have always been focused on value for our franchisees, and we continue to see that reflected in the franchise fee.
We continue to believe the franchise fees are the way to go.”
McDonalds Franchise Service said it is working with McDonalds Enterprise Solutions to address the increased costs of running its franchisee network.
McDermott’s franchise fee will increase to $120 from $75, a change that came into effect last year.
The change was made after the franchise business changed ownership from McDonalds Holdings to a company called KPMG.
The move to change the franchise charge, which is an upfront fee, means that the company has to pay a higher rate to McDonald’s franchisees and its franchise fee has been rising faster than the company is paying to other franchise companies.
The increase in McDonalds fee was expected because the company had already paid a franchise fee increase in July and August 2016.
The average franchise fee in August 2016 was $65, while the average fee in July 2016 was about $65 per transaction.
In the last quarter of 2016, the average franchise fees for McDonald’s franchises increased about 10%.
McDonalds announced in August that it had paid about $100 million in franchise fee revenue, but the company still expects the increase to continue.
The McDonalds brand value, including franchise fees, was worth $11.9 billion in the fourth quarter of 2017, according the company.