Can I pay postage stamps into my bank account?

RayWolfe

PoochyChoo wrote:

but £250... you must be mad.. and why did he have £250 of stamps lying about his house anyway to pay with.. probably steamed off old letters ! or nicked ! LOL

The seller probably asked for "discount for cash" and the OP said yes. ;-)

wolvoman

RayWolfe wrote:

The seller probably asked for "discount for cash" and the OP said yes. ;-)

hehe
It's not quite that!!!! But I did think I could pay them into my account!

CopperPlate_2

I might've checked first before I accepted them. I heard that you can pay old lemonade bottles in too, you know, the ones that get you 10p off the next time... :rolleyes2

emmaBZ

well never knew that you can pay in stamps !!! the weird thing is every so often i dream i buy something and dont have any money on me so i pay in stamps ect ...strange !!:eek:

tankard_2

In the days before most folk had a bank account and used to issue cheques, an alternative way of paying bills was/is to use a Postal Order. When the amount to pay was not exactly the value of the Postal Order, then postage stamps were stuck on the PO to bring the value up to the required amount. Crossed PO's can be paid into yer bank account.

Try this. Buy a one pound postal order, stick all the stamps on it, and go to yer own bank and pay it in to yer account - maybe ask to talk to someone at the bank first. Don't go straight to the cashier. I bet they won't know the answer, but insist they find out, and get back to you. And then get a formal answer, yes or no

Gordon_the_Moron

Find out before you get the postal order.

Don't know how much a PO costs, if that works and the PO is cheap it could be a way to do a SBT with a credit card that doesn't have the facility. Buy a load of stamps with your credit card, or is that a cash advance?

:xmassmile DA MORON :xmassmile

Gordon_the_Moron

P.S. I thought commemorative £5 coins were legal tender. Not according to the Royal Mint...

:xmassmile DA MORON :xmassmile

wolvoman

I suppose I could just sell them on eBay! Or maybe I should wait as the value of the 1st Class stamps jumps by 6% in April!

klondyke

Idiophreak wrote:

By way of a stupid question...why would anyone pay in stamps anyway??

It would avoid Paypal fees on ebay. For that reason, I will take stamps for items up to about £5.

Also, the buyer may have stamps 'lying around' if (s)he, like me, buys from a stamp dealer at 10% discount on face value. (usually commemoratives etc, that have nothing special about them to make them collectors' items - may even be slightly damaged) Still, don't think I would buy £250 of them in one go!

peter999

tankard wrote:

Try this. Buy a one pound postal order, stick all the stamps on it, and go to yer own bank and pay it in to yer account - maybe ask to talk to someone at the bank first. Don't go straight to the cashier. I bet they won't know the answer, but insist they find out, and get back to you. And then get a formal answer, yes or no

Police might be called for

-Stamp Laundering !!:rotfl:

peter999