Why obtain postal payments
Postal payments are a form of offline payment solution, which enable payments to be posted in a safe and secure way through using post office facilities. Postal payments are most popular in making domestic payment transactions, particularly for catalogue payments.
DeltaQuest can help in setting up this offline payment solution and assist you in opening a corporate bank account, enabling you to make and receive postal payment transactions. For more information, please Contact Us.
Postal payments explained
Postal orders are a favorable payment method among households as they provide the easy and simple means of sending payments for goods or services bought. As a method of offline payment processing, postal payments offer individuals a more traditional method of paying as opposed to using internet facilities to make card payments, for this reason it is more trusted by customers.
The method of using postal payments is straightforward whereby the individual simply obtains a postal order from their nearest post office facility. The value of the postal order will be determined by the amount of cash the individual pays to the post office. When paying for goods or services through a postal order, the individual will pay the post office the exact amount of money and this will then be produced in the form of a post order. The individual will then post the postal order to the company he/she purchased the goods from.
Postal payments have numerous benefits, some of which include:
- popular and safe method of processing transactions
- postal orders can be tracked by a tracking code which the post office issues to their clients
- no personal information is sent on a postal order, this ensures high levels of confidentiality and low risk of ID theft or fraud
- postal payments can only be cashed by the intended receiver, thus ensuring high levels of security
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