You Can Minimize the Impact of a USPS Rate Increase

The United States Postal Service (USPS) increased its rates in January 2023.  Recently USPS filed a notice of another increase in July 2023!  The USPS is an essential service that delivers mail and package to millions of Americans daily. However, the cost of providing this service continues to increase yearly.  While this news may not be welcome for those who rely on USPS for their mail and package delivery needs, there are ways to mitigate the impact of these rate increases.

What can you do to minimize this expense?

One such method is by utilizing electronic payments and electronic statements.

Electronic payments are sending and receiving payments electronically rather than traditional paper checks. On the other hand, electronic statements refer to receiving statements and invoices electronically rather than through the mail.

There are several reasons why using electronic payments and electronic statements can be beneficial in light of the USPS rate increases. First and foremost, electronic payments and statements are often faster and more efficient than traditional paper-based methods. Electronic payments can be processed in seconds, whereas paper checks can take several days to clear. Similarly, electronic statements can be delivered instantaneously, whereas paper statements can take several days or weeks.  And, once received, they may sit unopened and unpaid for days. 

Another benefit of electronic payments and statements is that they are often more secure than paper-based counterparts. Electronic payments can be made securely through online banking platforms, protected by robust security measures. Similarly, electronic statements can be delivered securely through encrypted email rather than physical mail that can be lost or stolen.

Finally, electronic payments and statements are often more environmentally friendly than paper-based. Reducing the amount of paper used for statements and checks can help reduce our carbon footprint and contribute to a more sustainable future.

In conclusion, the upcoming USPS rate increases may concern many Americans, but there are ways to mitigate their impact. Utilizing electronic payments and statements can save time, increase security, and contribute to a more sustainable future. So, if you haven't already, consider switching to electronic payments and statements today.  Then encourage your clients to sign up for electronic payments and statements.  Faster, safer, and easier.