Electronic Benefits Transfer (EBT)
Electronic Benefits Transfer (EBT) is the system used to transfer government
benefits
from a consumer’s federal account to a retailer’s business account.
EBT has become the mandatory method for the distribution of cash benefits and food stamps in the United States. The system is faster and easier than paper food-stamp transactions with much less chance for fraud.
Electronic Benefits Transfer utilizes a plastic debit card format and can be processed through your credit card terminal exactly like a credit card. All urban retailers realize that the ability to accept EBT cards as a form of payment opens your potential customer base to a market shunned by many of your competitors. Businesses that utilize EBT will notice improved cost and processing time in comparison to the paper-based alternative and will also enjoy access to this underserved market. United Bank Card can help you incorporate EBT at your location with processing equipment, hardware accessories and software that is 'EBT-ready'!
