Stamps.com Voices Strong Support for Universal Postal Union Meeting Decision & Its Positive Impact on U.S. E-commerce Retailers
September 25 2019 - 8:00PM
Business Wire
Stamps.com® (NASDAQ: STMP), the leading provider of postage
online and shipping software, today announced its widespread
support of the Extraordinary Congress’s final vote that will allow
the U.S. to remain in the Universal Postal Union. The decision is
designed to even the playing field for U.S. e-commerce retailers.
The U.S. reached the landmark agreement with other members of the
Universal Postal Union on a renegotiation of the terminal dues
structure, thus averting a U.S. pullout from the UPU. Delegates
passed “Option V” - a reform package that includes the go-ahead for
the United States to move to self-declared rates for inbound
packets and bulky letters on July 1, 2020. The self-declared rates
will be applied on a reciprocal basis meaning other countries can
charge self-declared rates on U.S. packets and bulky letters.
"We are very happy to learn that the U.S. will remain a member
of the Universal Postal Union,” said Ken McBride, Chairman and CEO
of Stamps.com. “This is great news for our e-commerce customers in
the United States. Online retailers across all our business units
rely heavily on the USPS for international shipping, and this UPU
decision means their businesses can be far more competitive in the
global marketplace. With fairer shipping costs, U.S.-based
e-commerce sellers can now compete on a more even playing field. We
are thrilled that the USPS will remain a key component of our
GlobalPost international delivery network. We couldn’t have asked
for a better outcome.”
GlobalPost, Stamps.com’s international shipping service, will
continue to offer the top international shipping services available
in the market. The recent UPU decision means that all USPS
international shipping options along with other commercial carriers
will appear in the GlobalPost delivery network.
GlobalPost services reach over 200 countries and territories and
includes features not found in traditional international postal
services, including:
- Global Address Verification: Improve deliverability with
real-time address verification
- No Customs Forms: Send Customs electronically – no forms to
print
- Ship Merchandise in Flats: Save money with international
flats/large envelopes
- Instant Refunds: No more tracking refund requests that can take
up to 2 weeks
- Free Pick-Up Service: Schedule pick-ups when it’s convenient
for you (select markets only)
- Parcel Coverage: $100 Included
To get more info on GlobalPost international shipping services,
visit GoGlobalPost.com.
About Stamps.com
Stamps.com (NASDAQ: STMP) is the leading provider of postage
online and shipping software solutions to customers including
consumers, small businesses, e-commerce shippers, enterprises, and
high volume shippers. Stamps.com offers solutions that help
businesses run their shipping operations more smoothly and function
more successfully under the brand names Stamps.com, Endicia®,
ShipStation®, ShippingEasy®, ShipWorks®, GlobalPost and MetaPack™.
Stamps.com’s family of brands provides seamless access to mailing
and shipping services through integrations with more than 500
unique partner applications.
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version on businesswire.com: https://www.businesswire.com/news/home/20190925005980/en/
Investor Contact: Suzanne Park Stamps.com Investor
Relations (310) 482-5830 invrel@stamps.com
Press Contact: Eric Nash Stamps.com Public Relations
(310) 482-5942 enash@stamps.com
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