{"id":27134,"date":"2023-03-17T18:12:04","date_gmt":"2023-03-17T22:12:04","guid":{"rendered":"https:\/\/goebt.com\/accepting-ebt-has-many-benefits-for-retailers\/"},"modified":"2023-03-17T18:12:04","modified_gmt":"2023-03-17T22:12:04","slug":"accepting-ebt-has-many-benefits-for-retailers","status":"publish","type":"post","link":"https:\/\/goebt.com\/accepting-ebt-has-many-benefits-for-retailers\/","title":{"rendered":"Maximize Your Revenue: Benefits of Accepting EBT at Your Store"},"content":{"rendered":"<p>Accepting EBT at your store has many benefits for your business. <a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\" target=\"_blank\">A recent Supermarket News article&nbsp; cited \u201cSNAP households represent 24% of U.S. consumer goods spend.\u201d<\/a> Opening your doors to this new market can increase your revenue and your store\u2019s foot traffic.<\/p>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\" target=\"_blank\">Supermarket News<\/a> summarized a recent report about the impact of SNAP customers\u2026<\/p>\n<p><span style=\"font-size: 16px; color: #11477e;\"><\/span><span style=\"color: #022169;\"><strong>SNAP recipients are diverse<\/strong><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\"><strong><span style=\"color: #ee8723;\">The report found 45% of SNAP recipients have children, 29% have 5+ members in their household, and 37% are Gen Z or Millennia<\/span><\/strong><\/a><strong><span style=\"color: #ee8723;\"> Additionally, <\/span><\/strong><a href=\"https:\/\/www.cbpp.org\/research\/food-assistance\/a-closer-look-at-who-benefits-from-snap-state-by-state-fact-sheets#Alabama\" rel=\"noopener\" target=\"_blank\"><strong><span style=\"color: #ee8723;\">a CBPP report states more than 41% of SNAP recipients are in working families and 36% are in families with members who are older adults or disabled.<\/span><\/strong><\/a><strong><span style=\"color: #ee8723;\"> <\/span><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px; color: #11477e;\"><\/span><strong><span style=\"color: #022169;\">SNAP recipients spend more per trip<\/span> <\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\" target=\"_blank\"><strong><span style=\"color: #ee8723;\">SNAP recipients have a basket size that is $15 larger than the average customer with almost double the units and tend to spend around $18 more per trip.<\/span><\/strong><\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px; color: #11477e;\"><\/span><span style=\"color: #022169;\"><strong>SNAP recipients spend more per unit<\/strong><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\" target=\"_blank\"><strong><span style=\"color: #ee8723;\">SNAP consumers are paying 13% more per unit based on data from the latest quarter. According to Supermarket News, this is due to increased inflation on baby and health\/beauty products.<\/span><\/strong><\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px; color: #11477e;\"><\/span><span style=\"color: #022169;\"><strong>Private label brands are outperforming CPG in some stores<\/strong><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\" target=\"_blank\"><strong><span style=\"color: #ee8723;\">Aldi, Walmart, and Kirkland private label brands are experiencing less lost sales compared to CPG brands<\/span><\/strong><\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px; color: #11477e;\"><\/span><span style=\"color: #022169;\"><strong>SNAP recipients are shopping at more regional and ethnic grocery stores<\/strong><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\" target=\"_blank\"><strong><span style=\"color: #ee8723;\">Regional and ethnic grocery stores are experiencing a growth in SNAP customers.<\/span><\/strong><\/a><strong style=\"background-color: transparent;\"><span style=\"color: #ee8723;\"> SNAP customers make of 36% of projected trips for retailers like Whole Foods, according to the article.<\/span><\/strong><\/li>\n<\/ul>\n<p style=\"padding-left: 0.7in;\">&nbsp;<\/p>\n<p><span style=\"font-size: 16px; color: #11477e;\"><\/span><strong><span style=\"color: #022169;\">SNAP consumers are shifting from eating out to eating in<\/span> <\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.supermarketnews.com\/consumer-trends\/snap-households-represent-24-us-consumer-goods-spend\" rel=\"noopener\" target=\"_blank\"><strong><span style=\"color: #ee8723;\">SNAP recipients are backing off from eating out 4+ times per week (37% of SNAP recipients) to grocery shopping and eating in.<\/span><\/strong><\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Based on the data, SNAP recipients are key customers for grocery stores, convenience stores, bodegas, pharmacies, and other specialty retailers. These customers can provide many benefits for your store, so if you aren\u2019t accepting EBT you\u2019re missing out on revenue. Becoming a SNAP retailer may seem overwhelming, but goEBT makes the process easy with <a href=\"https:\/\/www.goebt.com\/ebt-resources\/\" rel=\"noopener\" target=\"_blank\"><strong><span style=\"color: #ee8723;\">these free resources for retailers.<\/span><\/strong><\/a><strong><span style=\"color: #ee8723;\"> <\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #ee8723;\">&nbsp;<\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.goebt.com\/payment-solutions\/payment-processing-services\/unlimited-ebt-processing-for-usda-snap-retailers\/\" rel=\"noopener\" target=\"_blank\">Learn more about unlimited EBT processing for retailers<\/a><\/p>\n<p><span style=\"color: #ff9902;\"><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accepting EBT at your store has many benefits for your business. A recent Supermarket News article&nbsp; cited \u201cSNAP households represent 24% of U.S. consumer goods spend.\u201d Opening your doors to this new market can increase your revenue and your store\u2019s foot traffic.<\/p>\n","protected":false},"author":244,"featured_media":27135,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[],"tags":[197,199,202,201,206,196,200],"class_list":["post-27134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-featured","tag-industry-news-snap-ebt","tag-retailer-trends","tag-retailer-trends-c-stores-convenience-stores","tag-retailer-trends-for-farmers-markets","tag-retailer-trends-for-grocers","tag-retailer-trends-for-qsrs"],"_links":{"self":[{"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/posts\/27134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/users\/244"}],"replies":[{"embeddable":true,"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/comments?post=27134"}],"version-history":[{"count":0,"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/posts\/27134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/media\/27135"}],"wp:attachment":[{"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/media?parent=27134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/categories?post=27134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goebt.com\/wp-json\/wp\/v2\/tags?post=27134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}