Retailers warn SNAP restrictions could cost $1.6 billion up front
FMI, NACS, and NGA say proposed rules would impose $1.6 billion in initial costs and nearly $760 million each year on retailers.
FMI, NACS, and NGA say proposed rules would impose $1.6 billion in initial costs and nearly $760 million each year on retailers.
More than 1,000 retailers and trade groups are warning that new fees could drive up food costs and push stores out of the SNAP program.
Hy-Vee has now introduced a new digital experience that allows customers to pay online using SNAP/EBT for both pickup and delivery orders.
While a permanent ban on interchange or swipe fees in SNAP exists, the EBT Act enforces the same ban on state-side transaction fees imposed on retailers.
The policy could significantly impact confectionery sales in affected states.
While states say the changes aim to encourage healthier eating, FMI argues that the unintended consequences far outweigh potential benefits.