Q&A
Cost for businesses to accept flexible benefit cards
0:55:06
ยท
23 sec
Council Member Christopher Marte inquires about the cost for businesses to accept flexible benefit cards as a form of payment. Andrew Winakor from ProHealth Connect explains that in most cases, it doesn't cost businesses anything extra.
- Businesses typically only pay a fee equivalent to credit card processing when purchases are made
- This information suggests that accepting flexible benefit cards is not financially burdensome for businesses
Christopher Marte
0:55:06
Yeah.
0:55:06
One question.
0:55:06
What is the cost for a business to accept this form of payment?
Andrew Winakor
0:55:15
In most instances, it doesn't cost the business anything.
0:55:19
The only time they generally would pay is the equivalent to, like, credit card processing fee when there's actual purchases made at the store.
Christopher Marte
0:55:26
Great.
0:55:27
Thank you.
0:55:27
That's and thank you,