Pricing Incentives Encourage Businesses to Meter Mail
STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 15, 2018--
Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides
commerce solutions in the areas of ecommerce, shipping, mailing, and
data, today noted that pricing incentives included in the new rate
schedule proposed by the U.S. Postal Service (USPS) will encourage U.S.
businesses to meter mail to lower their costs and optimize their
mission-critical sending operations.
The USPS announced that the price of a first class stamp will increase
from $.50 to $.55; however, businesses that apply postage using a
postage meter instead of stamps will now save $.05 on every First-Class
Mail letter they send.
In announcing the increase in the discount from $.03 to $.05 per piece,
the Postal Service noted that, “Meter-based payment is more efficient
than stamp-based payment – it eliminates the need for stamp production,
distribution, and cancellation – and fosters more consistent use of the
postal system, slowing the migration of mail volume to electronic
channels. Small business volume in particular should be protected by
this decision.”
Using a postage meter will save $.05 cents per piece, lowering the cost
of your mail to $.50. A small business that sends 1000 pieces of mail
per month can easily save $600 in postage per year simply by using a
meter. This metered mail savings also applies to PC Postage®, Permit
Imprints and Pre-Cancelled stamps and is on top of the many other
benefits of metered mail, including convenience, accuracy, cost
accounting, security, and payment options.
Subject to regulatory approvals, the proposed price adjustments will
take effect January 27, 2019.
“Businesses are continually challenged to better manage their sending
operations,” said Jason Dies, executive vice president and president,
SMB Solutions at Pitney Bowes. “Leveraging metering technology to
process mail is a no-brainer. With the $.05 discount businesses will be
able to lower their overall mailing costs and do more with each mail
piece.”
Pitney Bowes is committed to helping businesses of all sizes simplify
their sending operations and thrive in the connected and borderless
world of commerce. For more information on the latest rate changes and
to learn how to take advantage of metered mail, visit www.pitneybowes.com.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global
technology company providing commerce solutions that power billions of
transactions. Clients around the world, including 90 percent of the
Fortune 500, rely on the accuracy and precision delivered by Pitney
Bowes solutions, analytics, and APIs in the areas of ecommerce
fulfillment, shipping and returns; cross-border ecommerce; presort
services; office mailing and shipping; location data; and software. For
nearly 100 years Pitney Bowes has been innovating and delivering
technologies that remove the complexity of getting commerce transactions
precisely right. For additional information visit Pitney Bowes, the
Craftsmen of Commerce, at www.pitneybowes.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181015005510/en/
Source: Pitney Bowes Inc.
John Spadafora
Pitney Bowes Inc.
518-708-3466
john.spadafora@pb.com
