HOW TO ACCEPT EBT
Why is account monitoring so important to your business.
Quarterly Account Analysis
In the United States, people who need financial assistance to buy food can apply for the Supplemental Nutrition Assistance Program, known as SNAP. SNAP replaced the food stamp program in 2008. Instead of paper food stamps, participants receive a card that looks like a debit card. They can use the card, known as an Electronic Benefits Transfer card, or EBT, to purchase food in stores that accept the card. If you own a store that sells food you can sign up to accept the EBT in your store.
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Economic Benefits
If your business is set up one way to accept card transactions and you're the primary mode of accepting card transactions is another, then that usually results in overspending and other inefficiencies that could potentially affect your customers. Bottom-line the more efficiently your account is structured the more you save because your business is accepting card transactions at a lower risk factor. Your primary processing mode can change depending on the type of cards your customer present as a pattern. Your business could very well be performing at optimal processing efficiency today but not the next month if the primary pattern in which cards are presented to your business change. The key to mitigating these potential risk factors is vigilant monitoring. We offer this service to all of the clients because we believe that efficiency allows for more business and greater profits.
Security Benefits
As you are probably aware, security of transactions is taking front-stage in the card and check industries. With security breaches being at an all-time historical high, where Mom-and-Pop operations are as vulnerable to malice as any multi-national conglomerate, monitoring your account to spot potential lapses in mandated security protocols could prove invaluable. We will look at your account to make sure that you have in place PCI DSS compliance, to make sure that you have the ability to run transactions with PIN verification when possible. We will make sure that you are able to accept chip and NFC payments.