Grocers eager to accept digital payments for purchases made with the Supplemental Nutrition Assistance Program (SNAP) and SNAP recipients eager for greater shopping options will likely welcome the addition of a new third-party payment provider to the program.
When Should I Expect My SNAP Payment? Funding in August of 2022 See: The 9 Expenses That Should Never Be Automated
A San Francisco-based The USDA has officially recognized Forage as a third-party payments provider for online SNAP electronic benefits transfer payments, which the company has just announced. According to a press release from the company, Forage is now the third Electronic Benefit Transfer Third-Party Provider (EBT TPP) to be included on the USDA website. Forage had announced on August 8 that it had raised $22 million in funding from investors like Nyca Partners, PayPal Ventures, and the creator of Instacart, Apoorva Mehta.
Formerly known as “food stamps,” SNAP is a federal program that helps low-income families buy food. Beneficiaries now use EBT cards for all purchases. Selecting Forage as their EBT payments provider will increase the number of merchants that accept online payments, making it more accessible to SNAP users.
The CEO of a non-profit service and advocacy organization, Joel Berg, called the announcement “a huge win-win” for businesses and customers alike.
According to Berg’s press release, the grocery industry should make “giving more SNAP EBT recipients the ability to order groceries online, especially coupled with home deliveries,” a higher priority. Forage has been given the green light to help even more grocery stores make money and do good for their communities.
In a statement, Forage CEO Ofek Lavian said the company had spent months preparing for USDA certification. In addition, he stated that “ensuring the success of our merchant partners as they go live with online EBT acceptance in the coming weeks” is currently the platform’s top priority.
Gong’s Market, a family-run California supermarket, was the first business to launch on the Forage platform. As reported by Supermarket News, Forage app for Shopify was used by Gong’s Market after the company collaborated closely with Shopify Plus partner Grocerist.
The Forage platform was created to facilitate EBT payment processing for online grocery store purchases made by SNAP beneficiaries. Grocers now have access to 42 million Americans who receive food stamp benefits and a potential market of $200 billion.
GOBankingRates has previously reported that major retailers like Target and Walmart, as well as national and regional grocery chains like Wegmans, Kroger, Publix, Food Lion, Safeway, Aldi, and ShopRite, all accept SNAP for online purchases. Hundreds of mom-and-pop stores also provide SNAP online shopping.
Answer Our Poll: Do You Typically Leave Gratuities? The USDA is providing a $5 million grant to increase electronic benefits transfer (EBT) food stamp acceptance.
In addition from GOBankingRates
Originally published on GOBankingRates.com, this article explains Changes to SNAP Benefits Expand Grocery Store Choices Across the Country
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