Elite Bankcard offers the most innovative EMV Creidt Card, Debit, EBT/ SNAP processing machines in the industry today
EBT/SNAP Cash and Food Benefits
EBT Snap Food And Cash Benefits
What used to be called EBT food stamps is now called SNAP (Supplemental Nutrition Assistance Program). Snap is the largest program for Nutrition Assistance in the country. Unlike the SNAP (Food Stamp) portion of EBT Snap, no certification is required by the government. Cash Benefits may be used to purchase any item at a participating retailer store, as well as to obtain cash-back or make a cash withdrawal from a participating ATM. Surcharges are allowed just like a debit transaction.
Elite Bankcard Solutions can assist you with our EBT Snap Machine and processing needs. Call 888.590.8099 or contact us online and one of our trained agents will be able to assist you with the application.
Request Your Free USDA Approved EBT SNAP Machine
What is EBT/SNAP Cash Food Benefits?
EBT (Electronic Benefit Transfer) is a government program that allows states to distribute finacial credits easily to those in need. When someone uses their card, they are making an Electronic Benefit Transfer (EBT) so many people call those cards "EBT cards". When you see a sign in a store saying, "We accept EBT", it means that the store has been authorized to accept government benefits electronically and has the correct hardware and software to process an Electronic Benefits Transfer. Instead of paying with actual foodstamps, a single swipe with an electronic card that acts as if it is a debit card is all that is needed. This allows food and other non-alcoholic beverages to be purchased from qualifying vendors. The program in which the EBT card is used to purchase those items is known as SNAP (Supplemental Nutrition Assistance Program) . It is highly beneficial to both the EBT card holders and the vendors. At the moment 80% of government issued benefits goes through EBT. As the number of people using food stamps continues to rise, this number wil only o increase as electronic transfer payments become more popular.
What are the benefits of accepting EBT SNAP?
EBT SNAP can increase your customer base with the ablility to accept EBT SNAP cards in your store. A rapidly growing payment method that accounts for more than 80% of food source for government issued EBT Snap benefits in many states. As of Novemberr 2009,1 out 9 Americans and 1 in 4 children are using SNAP benefits and the program rate grows at about 20,000 people a day. Retailers must purchase or lease their own EBT Snap Machine. Start accepting EBT Snap Cards today and prepare for more business today.
Call 888-590-8099 to get started now.
How does Elite Bankcard Solutions help Merchants become an authorized EBT SNAP Retailer
With powerful payment processing from Elite Bankcard Solutions, merchants can accept EBT SNAP cards and help boost their business earning potential and increase their customer base. Benefits from programs such as WIC (Women Infants Children) and TANF (Temporary Assistance to Needy Families) card owners can also withdraw cash at stores that accept EBT cards. Many industry experts predict that businesses ability to accept EBT SNAP cards in their business will grow increasingly important as EBT SNAP cards become used to issue benefits such as social security. The USDA is no longer supplying retailers
with equipment and processing. Retailers must purchase their EBT Snap machine and choose a processing company to process their daily transactions (click here). We at Elite Bankcard Solutions will provide updated machines that will meet the mandatory compliance for your business.
Retailers are required to complete an application and agree to terms and conditions at the time of enrollment which includes transaction processing fees.
How do Merchants apply to become an authorized retailer?
All merchants will need to complete an application for a food stamp permit, a seperate food stamp permit is required for each store location. If the merchant owns multiple stores, an application for each store is required. The following documents will need to be included in the EBT SNAP application package:
1. Food Stamp Program Application for Stores, Form FNS-252
2. FNS Field Office Cover Letter
3. Combined Store Eligibility Criteria Fact Sheet and a Checklist
Merchants cannot accept Food Stamp Benefits until their store has been licensed under their ownership and has become authorized by the USDA and approved for an FNS permit. However, EBT Cash Benefits can be accepted while your EBT Food Stamp permit application is being processed.
START ACCEPTING EBT SNAP CARDS TODAY AND YOUR BUSINESS WILL GENERATE MORE REVENUE
CALL 888-590-8099 TO GET STARTED TODAY