|Wed Oct 10 2018 15:15:57|
USPS Priority Mail Rates to Rise 6 Percent in January
By: Ina Steiner
The USPS filed for a 2019 shipping rate hike that spells bad news for small online sellers who rely on Priority Mail. The Postal Service is looking to raise PM rates an average of 5.9%.
For eBay and Etsy sellers, the cost is higher since they pay commission fees on selling price plus shipping costs. And they face a triple whammy, since marketplaces are increasingly urging sellers to pay for return shipping for buyers dissatisfied with their ecommerce purchase, including buyer's remorse.
The cost of a First-Class Mail Forever stamp will rise from 50 cents to 55 cents, a 10% hike, if rates are approved by the Postal Regulatory Commission (PRC), with a 6-cent decrease in the additional ounce rate (initially we reported it was a 6-cent increase).
The USPS is also seeking to change First-Class Package Service, a lightweight expedited offering used primarily by businesses for fulfillment purposes, to zone-based pricing "to better align with the cost of service and improve value based on distance."
The PRC will review the prices before they are scheduled to take effect January 27, 2019.
Stay tuned for more on this breaking news.