Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Post Office Enters Gift Card Business

Post Office Enters Gift Card Business

By
Add to Favorites:
Post Office Enters Gift Card Business

In the past, when you wanted to mail a gift card to a loved one, you had to purchase the card and then head over to the Post Office to mail it. But now the Post Office is joining the world of one-stop shopping. The Postal Regulatory Commission has just given its stamp of approval to sell prepaid gift cards offered by credit card companies, including MasterCard, Visa, American Express and Discover. And the Commission is already brainstorming ways to expand this plan which is set to begin in June.


The Go-To Gift


Prepaid gift cards remain one of the most popular go-to gifts for consumers. They serve as a perfect gift for virtually anyone of any age. And if you don’t know what to get someone for their birthday, a special occasion or holiday, gift cards make your life a whole lot easier. In fact, according to the National Retail Federation, it’s estimated that more than 75% of consumers purchase at least one gift card during the holiday season.


Prepaid Cards Go Postal


It was after the most recent holiday season that postal officials began entertaining the idea of doing more than just delivering gift cards. Last week the Postal Regulatory Commission approved the Post Office’s proposal for a two-year test run in the gift card business. Beginning in June, about 2,000 retail post offices and the USPS website will sell prepaid gift cards.


Customers will have the option of choosing fixed gift cards at $25 and $50, plus a $4.95 fee. Or they can determine an amount between $26 and $100, plus a $5.95 fee. The prepaid cards can be used at any place of business that accepts credits cards by the issuer.


Future Plans


If all goes well with this test run, the Post Office plans to expand this program to several thousand additional locations. Additionally, it is considering selling gift cards for specific stores in addition to general prepaid cards.


Add to Favorites:

Related News:

Free Pizza on Papa John’s & VISA

By Dar Dowling, Posted: December 6, 2016

Eating pizza while watching a football game is a time-honored American tradition, so it’s not surprising that VISA, has teamed up with Papa John’s to give fans a little more this season. If fans use Visa Checkout they can take advantage of ... Continue reading
USAA Digital Wallet Gets an Upgrade

By Dar Dowling, Posted: December 5, 2016

USAA has upped the ante with their digital wallet, making it a bit more like an everyday wallet by adding in six additional features, so people can now include everything from their automobile information to insurance cards in their ... Continue reading
Global Fraud On Hackers To-Do List This Season

By Dar Dowling, Posted: December 2, 2016

With the holiday shopping season upon us, retailers around the world can expect a 12% bump in online fraud when compared with data from the holiday season last year. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
Earn 1% cash back on gas and grocery purchases. Terms apply.
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit