What is EBT?
Electronic Benefit Transfer (EBT) is an electronic system that allows a recipient to authorize transfer of their government benefits from a Federal account to a retailer account to pay for products received. EBT is currently being used in many States to issue food stamp and other benefits. EBT has been implemented in all States since June of 2004.
If you operate a supermarket you will want to make sure your merchant account is set up with EBT. Also know that each merchant account provider pays a transaction fee for this service. They make a profit by marking up that EBT transaction fee. Therefore, you can negotiate this fee to a certain point.
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