Online shopping boom boosts postal orders
Nearly one in three Postal Orders sold are now being used to pay for goods bought by online and home shoppers. The Post Office® has calculated that GBP 104 million worth of Postal Orders will be sold to fund the UK’s online and home shopping boom this year.
The figures show that a new generation of shoppers are relying on the security and convenience of the traditional Postal Order for their virtual shopping trips. Kevin McAdam, Post Office Ltd, said: “Postal Orders are proving perfect for people who don’t want to give out their bank account details online or over the telephone, or where they cannot use cash.
The new Postal Orders look similar to a cheque and the name of the recipient can be printed on the order, making it more secure. But unlike a cheque the seller doesn’t need to wait for bank clearance allowing them to access the money immediately. For customers without bank accounts or access to plastic or cheques, Postal Orders offer a safe and convenient way to make purchases where they cannot use cash.
Available now at all 14,300 Post Office® branches, the new Postal Orders can now also be processed through bank clearance systems, so retailers can accept them more easily.
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