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. Harbortouch can help you incorporate EBT at your location with processing equipment, hardware accessories and software that is 'EBT-ready'!