Forage

About Forage

Forage is a cloud-based Electronic Benefit Transfer (EBT) payment provider that operates in the financial technology (fintech) market. The company specializes in facilitating seamless checkouts for customers, eliminating the need for complex coding or integration. This makes it an attractive option for businesses looking to simplify their payment processes.

Forage's primary clients are businesses that accept EBT payments, particularly those that process Supplemental Nutrition Assistance Program (SNAP) payments online. The company boasts a high reliability rate of 99.99%, which is crucial in maintaining customer trust and satisfaction.

The company's business model revolves around providing a secure and efficient platform for EBT transactions. They offer a team of SNAP experts to help businesses get approved by the United States Department of Agriculture (USDA) in a shorter time frame. This is a significant advantage as Forage is one of only three providers approved by the USDA to process EBT SNAP payments online.

Forage also places a strong emphasis on security, offering a Payment Card Industry (PCI) compliant fraud layer and solutions to protect both businesses and customers. This is a crucial feature in today's digital age, where cyber threats are a constant concern.

The company's merchant dashboard capabilities allow businesses to scale their online EBT operations effectively. This feature is particularly beneficial for businesses looking to expand their customer base and increase their revenue.

In terms of revenue generation, while the company's specific monetization strategy is not explicitly stated, it is likely that Forage charges a fee for its services, either on a per-transaction basis or via a subscription model.