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Electronic Benefits Transfer
Electronic Benefit Transfer (EBT) is a system used to transfer government benefits from a consumer’s federal account to a retailer’s business account. Electronic Benefits Transfer utilizes a plastic debit card format and can be processed through your credit card terminal exactly like a credit card.
Electronic Benefits Transfer is faster and easier paper food stamp transactions and EBT has become the mandatory method for the distribution of cash benefits and food stamps.
Electronic Benefits Transfer is vastly superior to paper-based food stamps and it is important for all markets and urban retailers to have the ability to accept EBT cards as a form of payment. Businesses that utilize EBT will notice improved cost and processing time in comparison to the paper-based alternative and will also enjoy access to the significant EBT market.
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