UK Accounting Glossary
Freepost is a type of business reply mail service where a firm’s customers can send it mail without prepayment (without postage stamps) by writing the firm’s name and/or a code number on the envelope. The firm pays a certain sum (the price of the required postage-stamp plus a fee) to the postal service company for each piece of mail received.
Freepost is a postal service provided by various postal administrations, whereby a person sends mail without affixing postage, and the recipient pays the postage when collecting the mail. Freepost differs from self-addressed stamped envelopes, courtesy reply mail, and metered reply mail in that the recipient of the freepost pays only for those items that are actually received, rather than for all that are distributed.
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This glossary post was last updated: 28th December 2019.