The United States Department of Agriculture Division of Food and Nutrition Services requires a Food Stamp Bond to ensure the ability of the USDA to collect payment from a retailer who has had a violation resulting in collection or sanction from the USDA. The Food Stamp Bond in the amount of $1,000 or 10 percent of the average monthly coupon redemption volume based on the prior 12 months of business.
Bonds Express offers a Food Stamp Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Food Stamp Bond holds you accountable for your business decisions.
By possessing a Food Stamp Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.