Pitney Bowes is adjusting our Purchase Power Transaction Fee to create a simplified and streamlined experience for you, our valued customers. We will no longer charge for each individual meter reset. Instead, the Transaction Fee will be assessed based on the aggregate amount of postage advances within the billing cycle and will only be assessed if there is activity. Due to the change in how the fee is assessed, it will now display as an Activity Fee in the “Other Fees” section of your Purchase Power statement and in Your Account.
Purchase Power is a Line of Credit offered by Pitney Bowes Bank. Just like all other banking and financial credit products, customers use our Line of Credit to preserve cash flow and extend payment and DPO cycles by providing one, consolidated, flexible, pay-later resources for all their postage, mailing, and shipping expenses. Learn more about our Line of Credit (Purchase Power).
A Transaction Fee is assessed when you add postage to your meter or shipping solution to cover the cost to the advance the funds.
Pitney Bowes will no longer charge for each individual meter reset. Instead, the Transaction Fee will be assessed based on the aggregate amount of postage advances within the billing cycle and will only be assessed if there is activity. Due to the change in how the fee is assessed, it will now display as an Activity Fee in the “Other Fees” section of your Purchase Power statement and in Your Account.
Details are available in the Activity Fee Section of your Purchase Power Terms & Conditions.
The Activity Fee will ONLY be charged if you have advanced funds/downloaded postage within that billing cycle. If you have NOT advanced funds within the billing cycle, there will be no fee.
1. Line of Credit (Purchase Power) - Send Now, Pay Later
a. Extend your days to pay for an average of 42 days from your postage purchase date
b. Lengthen your DPO cycle to keep your cash on-hand
c. Similar to a credit card - Pay your monthly bill on time and in-full to avoid late fees and finance charges (interest)
d. Consolidate your postage, mailing, and shipping purchases into a single Line of Credit
e. Learn more about our Line of Credit (Purchase Power) or how to Request a Credit Limit Increase
2. Deposit Account (Reserve Account) – Pay as You Go
a. Deposit funds into an FDIC-insured account to reserve for postage, mailing, and shipping expenses
b. Purchase postage when you need it
c. Learn more about our Deposit Account (Reserve)
3. USPS Trust Account - deposit funds into the USPS Trust Account to purchase postage as you need it. Learn how to pay for postage with your USPS Trust Account
4. Credit Card - use your preferred credit card to purchase postage as you need it. Learn how to pay for postage with a credit card.
Eligibility subject to credit approval and customer verification. This is not a commitment to lend, and this does not create, and is not intended to create a legally binding obligation on either of us. Program, rates, Terms & Conditions are
subject to change.
Banking products and services are provided by The Pitney Bowes Bank, Inc., Member FDIC. Pitney Bowes, Pitney Bowes Bank, and the Corporate logo are trademarks of Pitney Bowes Inc. or a subsidiary. All other trademarks are the property of their respective owners. Pitney Bowes Bank is state chartered and located in Salt Lake City, Utah.
UPDATED: April 1, 2024