Perhaps you’re closing a business, or have left over postage stamps from a mailing campaign. Or maybe you simply purchased too many stamps. Unfortunately, the Post Office will not buy back your stamps.
That doesn’t mean you don’t have options! Continue reading to find out what to do with unused stamps.
WHAT DOES THE POST OFFICE OFFER INSTEAD OF BUYING BACK STAMPS?
The Post Office allows customers to exchange postage stamps if they were purchased in the past 30 days. They will replace the stamps with ones of the same value, or other stamps totaling your purchase receipt. This may be a solution if you are intending to use the stamps, but they are damaged or unsuitable for resale.
It may also be useful if you purchased stamps of the wrong denomination. Let’s say you purchased First-Class Rate Forever Stamps ($0.73 value, 2024).
However, you’ve decided that you are going to send packages instead of envelopes. Instead of sticking dozens of stamps on each box, you can exchange the First-Class Forever Stamps for ones of a higher denomination (i.e., $10.40 stamps for a Small Flat-Rate Box, 2024).
In managing such transactions, whether you’re a customer or a postal service worker, it’s important to keep track of these exchanges accurately. For instance, in business terms, one might need to define ledger: it is essentially a book or other collection of financial accounts of a particular type. This is where all similar transactions, like stamp exchanges, would be recorded systematically to ensure accountability and accuracy in financial reporting.
You can read more about the Post Office’s exchange policies here.
RETURN YOUR STAMPS TO A POSTAGE BUYING SERVICE FOR A CASH REFUND
Just because the Post Office won’t buy back your stamps, doesn’t mean you can’t get a cash refund for your postage. Services like Return My Stamps provide people with a cash refund for their unused postage.
These services allow you to sell unused postage stamps in any condition, as long as they are still in good enough shape to send mail with. Their turnarounds are typically 1-2 weeks, depending on the size of your order. Plus, they offer a variety of payout options like check, PayPal, or bank wire transfer.
While you won’t get a full refund on the resale market, it may make sense for your situation if you aren’t planning to use the postage in the future, or if you simply need the cash for personal reasons.
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Click below to see how easy it is to sell your stamps for cash.
