Purchase Power fees explained

Transaction Fee

A transaction fee is applied anytime postage is added to your meter. The amount charged for each transaction fee is determined when the Pitney Bowes contract is signed. Note: Under HMRC regulations these charges are zero rated (for VAT). 

• Avoid incurring multiple fees by downloading enough postage to last you a month or quarter, depending on your business needs. 

Late Payment Fee

A late payment fee is applied when the 'Minimum Payment' due is not received by the due date. When making a payment allow 5 working days for your payment to reach us.

• Tip: Avoid incurring a Late Payment Fee by setting up a Direct Debit

Daily Interest

Daily interest is applied to your account if the balance is not paid in full by the due date. Interest is calculated from the date a transaction occurred.

Overlimit Fee

An overlimit fee is charged when the account balance exceeds the Purchase Power credit limit. The calculation for the overlimit fee is 1% of the amount that exceeded the credit limit (minimum fee £10, maximum £100). The account credit limit can be found in top right-hand corner of the Purchase Power invoice.

• Tip: If your account frequently exceeds the credit limit consider requesting a Credit Limit Increase that will accommodate your monthly business needs.