Purchase Power fees explained

Purchase Power Fees Explained: Transaction fee, Late payment fee, Daily Interest, Returned Payment Fee, Overlimit fee.

Transaction Fee

A transaction fee is applied anytime postage is added to your meter. The amount charged for each transaction fee is determined when the Pitney Bowes contract is signed. Note: Under HMRC regulations these charges are zero rated (for VAT). 
  • Avoid incurring multiple fees by downloading enough postage to last you a month or quarter, depending on your business needs. 

Late Payment Fee

A late payment fee is applied when the 'Minimum Payment' due is not received by the due date. When making a payment allow 5 working days for your payment to reach us.

Daily Interest

Daily interest is applied to your account if the balance is not paid in full by the due date. Interest is calculated from the date a transaction occurred.

Overlimit Fee

An overlimit fee is charged when the account balance exceeds the Purchase Power credit limit. The calculation for the overlimit fee is 1% of the amount that exceeded the credit limit (minimum fee £10, maximum £100). The account credit limit can be found in top right-hand corner of the Purchase Power invoice.
  • Tip: If your account frequently exceeds the credit limit consider requesting a Credit Limit Increase that will accommodate your monthly business needs.

UPDATED: 22 March 2024