Electronic Benefits
Transfer ("EBT")
Expand
your customer base with a new payment option
Now, in addition to cash, credit, debit, and check, you can
offer your customers one more payment solution. Introducing the
Electronic Benefits Transfer (EBT) card, a payment option that
brings the former paper environment of government Food Stamps or
Cash Benefits programs into the electronic age.
What is EBT?
EBT is a Government sponsored program providing a replacement
for Food Stamps and various cash benefits. EBT Programs began
issuing benefit recipients plastic "debit" cards and personal
identification numbers (PINs) to be used at retail locations
such as supermarkets participating in an EBT Program.
The EBT System handles transactions for the United States
Department of Agriculture, Food Stamp program, Temporary
Assistance to Needy Families program, and other Government cash
assistance programs, by tracking allocations electronically.
Retailers wanting to participate in these benefit programs must
be equipped with a terminal, printer and PIN pad.
In the future, additional types of government benefits will be
delivered electronically. Some of the additional programs to be
added to EBT
Energy
assistance
Housing
& child care assistance
Unemployment
What are the benefits to a Merchant
that accepts EBT cards?
Customers
who may have shopped elsewhere can easily make purchases of food
and non-food items in your store.
Food
can be purchased with an exact debit from the recipient's food
stamp account, instead of the recipient receiving cash change.
EBT
increases the efficiency of depositing Food Stamp payments
directly to merchant business accounts.
EBT
increases the speed and efficiency of transactions at the
checkout lanes.
Retailers
no longer have to process food coupons or checks.
EBT cards go beyond the grocery store
The EBT card may be used to access funds in two types of benefit
programs (depending on the issuing state), the cash benefits or
food stamp program. One or both programs may be right for your
retail establishment.
It's easy to get started
IF you have been approved to process credit cards with us, you
can participate as an EBT Cash Benefits merchant automatically
and accept on-line debit cards as well. (Specific hardware
required)
For more information about how Acies can enhance the performance
of your business at the point-of-sale and beyond, with 24-hour
toll free support, call us at: 1-800-361-5540.