On Monday, August 16, 2021, the U.S. Department of Agriculture (USDA) released a re-evaluation of the Thrifty Food Plan, which is used to calculate Supplemental Nutrition Assistance Program (SNAP) benefits. As a result of this re-evaluation, the average SNAP benefit–excluding additional funds provided as part of COVID-19 pandemic relief–will increase beginning on October 1, 2021.
SNAP Benefits Are Increasing on 10/1 - How You Can Maximize Revenue through EBT Acceptance
The USDA recently announced an increase in SNAP (Supplemental Nutrition Assistance Program) benefits, set to take effect on October 1st. This boost in assistance is aimed at providing relief to millions of Americans struggling to put food on the table.
If your store qualifies there's a way to not only help those in need but also boost your own revenue. goEBT, is a reliable EBT processing service that can help businesses like yours serve SNAP recipients more efficiently and, in turn, increase your revenue. Learn the details of the SNAP benefit increase and how partnering with goEBT can benefit your business.
Understanding the SNAP Benefit Increase
The SNAP program, formerly known as food stamps, plays a crucial role in providing financial support to low-income individuals and families. These benefits are a lifeline for millions of Americans who rely on them to purchase groceries and ensure their nutritional needs are met.
Starting on October 1st, SNAP benefits will see a significant increase, the largest in recent history. This boost is part of an effort to combat food insecurity and help those who have been adversely affected by economic challenges and the ongoing pandemic. For many recipients, these increased benefits will make a substantial difference in their daily lives.
How goEBT Can Help Your Business Thrive
Now, you might be wondering how your business can play a role in this positive change while also boosting your own revenue. The answer lies in partnering with goEBT, a trusted EBT processing service provider. Here's how it works:
- Broaden Your Customer Base: By accepting EBT payments, you open your doors to a wider customer base. SNAP recipients will be more likely to choose your store, increasing foot traffic and sales.
- Streamlined Transactions: goEBT simplifies EBT transactions, ensuring a smooth and efficient process for both your customers and staff. This convenience can enhance the overall shopping experience.
- Increase Revenue: As more SNAP recipients choose your store, you'll see an uptick in sales. Additionally, goEBT offers competitive processing rates, helping you maximize your revenue.
- Compliance and Security: goEBT is committed to compliance with SNAP program regulations and offers robust security measures to protect your business and your customers.
How to Get Started with goEBT
Getting started with goEBT is a straightforward process:
- Contact goEBT: Reach out to goEBT to discuss your business needs and get a personalized plan.
- Get set-up: Our friendly representatives will help you set-up your services.
- Training and Support: goEBT provides training and ongoing support to ensure a smooth transition and optimal use of their services.
- Start Accepting EBT Payments: Once set up, you can start accepting EBT payments and welcoming more customers into your store.
The increase in SNAP benefits on October 1st is not only a positive change for millions of Americans but also an opportunity for businesses to thrive by partnering with goEBT's EBT processing services. By making it easier for SNAP recipients to shop at your store, you not only contribute to their well-being but also boost your revenue. It's a win-win situation that can make a meaningful impact on your community and your business's bottom line. Contact goEBT today to take the first step toward a brighter future for both your customers and your business.