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How Forever Stamp Value Will Affect Postage For Businesses

How Forever Stamp Value Will Affect Postage For Businesses. Origins Of The Forever Stamp, Why Do Forever Stamps Have Special Value?

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How Forever Stamp Value Will Affect Postage For Businesses

If your business involves sending out high volumes of mail regularly, you may need to consider getting Forever Stamps to save on costs. 

These stamps can be bought at the current price of 1st-class mail stamps, which can cover letters weighing up to 1 oz. And use them indefinitely.   

As stamp rates are historically more inclined to increase rather than decrease in cost, getting Forever Stamps can help cut your business spending.  

If you need more convincing on the value-added benefits of Forever Stamps, read on to find out more about these special stamps.   

1. Origins Of The Forever Stamp 

Postage stamp with New York Statue of Liberty, the flag of United States of America and the word freedom forever. Vector illustration of USA stamp with a rubber stamp.

Issued by the United States Postal Service (USPS), the first-ever Forever Stamp was offered to the public in 2007 and featured the Old State House Bell. All 1st-class, 1-oz. stamps became Forever Stamps in 2011. There were some exceptions, though: they were stamps in rolls of 10,000, 3,000, and 500.

From then on, the USPS has used Forever Stamps more fervently, and in 2015, expanded the concept of Forever Stamps to their postcards. 

2. Why Do Forever Stamps Have Special Value?

The value of a USPS Forever Stamp lies in its unlimited validity. As its name implies, this special stamp can be used regardless of when you bought it. Forever Stamp holders can use it for sending international mails, too, with added postage, as fees for cross-country shipping are pricier. 

The USPS said it offered Forever Stamp for consumers’ convenience in times of price movements on its website. 

3. When Should Businesses Buy These Stamps? 

Since 2019, there has been no movement in stamp costs, but this will change come August 29 when, from $0.55, the price for each stamp will rise to $0.58. A letter that weighs more than 1 oz. Remains the same, at an extra 15 cents.

Any time before August will be the best time to get your Forever Stamp. If your business will purchase the special stamps by then, this means your business will be saving $0.03 for every letter sent. 

4. How Can Forever Stamps Help Your Business Postage Costs? 

A savings of $0.03 may not be much, but if your enterprise ships out 4,000 letters in a month, it could translate to $120.    

Bulk-buying Forever Stamps and choosing the best business mail service provider go hand-in-hand in further lowering the postage costs for business. 

Besides customer savings, Forever Stamps also help lower the operational costs of USPS. Because of its seemingly unrestricted use, the USPS doesn’t have to spend money collecting and destroying obsolete stamps.   

These special stamps are also convenient to customers who don’t have to purchase new stamps carrying the current prices (also called ‘denominated stamps’) before or after postage price fluctuations take effect. 

5. How Do Forever Stamps Work?        

Forever Stamps may be purchased at any post office branch nearest your area. You may also check out USPS.com online store. On there, you’ll see stamps in books of 20, for a total price of $11. Notice that you won’t see any price printed on the logo’s face, unlike the stamps sold some decades ago. 

For those who prefer doing the traditional way, you may call the postal office through its toll-free number, 1-800-STAMP-24 (1-800-782-6724). Select grocery stores and gift shops carry this stamp as well. 

These special stamps sell like 1st-class mail stamps. They don’t change in price. They’re also valued at the current price for the 1st-class stamp, not at the price you bought them for. 

A Forever Stamp can be used in the same manner as for regular stamps. You only need to know how much postage fees you need to pay for your letter, stick the appropriate number of stamps on the mail, and drop the letter in the mailbox.   

Of course, you may need to stick more than one stamp, for instance, on mails weighing more than an ounce. 

Buying a Forever Stamp for your business may be cost-effective, being that postage rates are more likely to increase rather than deflate. In the past century, the postage costs shrunk only two times. First, in 1919 from three to two cents, and second, in 2016, from $0.49 to $0.47. The price recovered a few months later.   

6. Can You Use Forever Stamps For An Overseas Mail?

The short answer is yes. So, if your business is planning to send out international mails, too, you may need more Forever Stamps since sending emails outside the country costs more than domestic addresses.  

When sending to an international recipient, all you have to do is find out how much it’s going to cost your business. Divide the total cost by the current price of a 1st-class mail stamp, and you’ll get your answer.   

For instance, if you bought a USD$ 0.30 stamp today and the rates suddenly increased to USD$ 0.50 the next day, and you need to send a mail with postage cost of $1.50, you can place three Forever Stamps, now valued at USD$ 0.50 each, instead of the $0.30 you bought each for.   

The only downside in using Forever Stamps is that you’ll spend more instead of saving on costs in cases where postage rates are just a little over the price of one stamp. 

If your postage cost, for example, is USD$ 0.50, and Forever Stamps are valued at $0.45, you need to stick two of these special stamps on the letter, translating to a loss of $0.40.     

7. Understanding How US Stamp Rates Work

The USPS is one of the largest federal agencies, employing about 6,730,000 workers as of 2020. The agency doesn’t have a hand in setting postage rates. The US stamp rates are regulated by the Postal Regulatory Commission (PRC), supervised by the US Congress.   

Rate increases are rather dependent on inflation rates. When inflation is in effect, the USPS will send a request to PRC for rate hike approval. 

Throughout its price history, the biggest increase may as well have been in 2018-2019, where the price jumped to USD$ 0.55, from $0.50. Technically, the highest increase was recorded from 1980 to 1990, which recorded a $0.10 hike.       

As forever stamps can be used no matter when it was issued, you can try launching an online search to find cheaper ones. Some stores offer discounts on Forever Stamps.    

Final Thoughts 

Because of its cost-saving value, buying several pads of Forever Stamps is beneficial for businesses that require hundreds, if not thousands, of emails to be sent regularly.  

Organizations that employ traditional marketing methods, for instance, should start collecting these special stamps before the scheduled price increase in August to reduce their spending. 

We are an Instructor, Modern Full Stack Web Application Developers, Freelancers, Tech Bloggers, and Technical SEO Experts. We deliver a rich set of software applications for your business needs.

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Software

The Rise And Risk Of Third Party Code

Third-party code describes any lines of a program that can be replicated throughout different applications. This aids in the app development process itself, as the time to market, is drastically reduced via code recycling.

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Online Code Editors for Web Developers

The applications that make up the vast majority of today’s hyper-complex tech stacks are heavily dependent on third-party code. Unfortunately, the same vast benefits these pre-crafted components provide are often undermined by the severe security implications of third-party architecture. It’s critical for modern businesses to not only recognize these risks but actively help to stem the flow of attacks. Cutting-edge tools, including a next-gen WAF solution, may be the only path for third parties’ continued existence.

1. Third Party Code: Because Why Reinvent The Wheel?

Third-party code describes any lines of a program that can be replicated throughout different applications. This aids in the app development process itself, as time to market, is drastically reduced via code recycling. But even after the foundation of an app is laid, third-party code can be leveraged by its developers for ad tracking, customer reviews, payments, chatbots, tag management, social media integration, or other helper libraries that simplify common functions.

The sheer usefulness and availability of third-party code have seen it seep into every corner of the internet: nowadays, third-party code accounts for up to 70% of every website. In the same survey, 99% of respondents stated that the sites used and produced by their organization contain at least one third-party piece of code.

Open source describes one type of third-party code, though third-party also refers to externally developed code, the license to use which may have been purchased. Regardless of the commercial price of this code, companies have for too long ignored the social and security cost.

2. The Lurking Danger of Shadow Code

Third-party code lends itself to uber-accessible site and app development. Though these no- or low-code environments help lower the barrier of entry for eager entrepreneurs and hobbyists, it’s vital to understand the risks. Profiteering cybercriminals are more than willing to take advantage of naive or negligent developers. Sometimes, it’s not a lack of skill that lets them in, but the high-pressure push toward rapid rollout.

Attackers grouped under the Magecart umbrella have been taking advantage of third-party code since 2015. This crime syndicate relies on digital credit card theft, swiped by covertly injecting JavaScript code on e-commerce checkout pages. Magecart has wreaked an impressively high-stakes trail of destruction: Ticketmaster, British Airways and countless other online brands have all fallen foul of their attacks.

Two high-profile attacks occurred in 2020, as children’s clothes maker Hanna Andersson and British retailer Sweaty Betty were targeted. Both of these attackers are thought to have revolved around apparently-innocuous site addons. Hidden within these lines of code, however, Magecart attackers add a few key lines of JavaScript.

This third-party code often copies legitimate payment forms on an eCommerce site. However, there are crucial – tiny – modifications made. For instance, the payment information is covertly sent to an attacker-controlled server. The transaction itself is still allowed to go through, meaning that end-users are left totally in the dark. The attack on Hanna Andersson went totally unnoticed for weeks – even this represents a relatively fast discovery, with other victims remaining clueless for up to a year.

Most victims are only alerted when stolen credit card info pops up on dark web marketplaces. The cost is significant: Hanna Andersson was ordered to pay $400K in damages to over 200,000 customers; the exact cost to individual victims is more difficult to ascertain, but the theft of their name, shipping address, billing address, and payment card info allows attackers to conduct incredible damage. Magecart attacks actually rose in popularity throughout the Covid-19 pandemic, seeing a 20% increase, while the average detection time hit 22 days.

Magecart may represent malicious third-party code; but even tested, open-source code can accidentally cause one of the greatest security problems of this decade. Log4j describes an open-source logging library that has become one of the most important pieces of architecture throughout the web, responsible for relaying vital logging info back to the developer and maintenance team. In 2021, however, it was discovered that the log4j library was critically vulnerable to remote code execution. This placed hundreds of millions of devices at severe risk, as the flaw was also relatively simple to exploit.

Forgoing third-party code altogether isn’t realistic. Over 60% of websites across the world run on Apache and Nginx servers, while 90% of IT leaders rely on enterprise open-source code regularly. All modern software is built from pre-existing components, and rebuilding these functions from scratch would require massive investments in time and money to produce even relatively simple applications.

3. You Can’t Patch Your Way Out of This One

Once bundled into an application, third-party code can be difficult to test, and even harder to secure. Patches are wholly dependent on the developers; even for active, well-meaning devs, such as those maintaining the log4j functionality, patching takes critical time.

Fear not: a comprehensive security solution can offer a number of tools to virtually patch – and ultimately stop attackers in their tracks. One such tool is the Web Application Firewall (WAF). This sits in between the application and the end-user, monitoring and filtering passing traffic. Next-gen WAFs offer automatic policy creation, along with rapid rule propagation, explicitly to broaden the safety net that third-party code requires.

While the traditional WAF has focused primarily on monitoring external connections, Web Application and API Protection (WAAP) describes a more comprehensive suite of protection. This incorporates the firewall-based approach of the WAF, with a greater focus on APIs. These pieces of code provide programmatic access across different apps and have historically been a major weak point in organizational defenses.

Finally, Runtime Application Self-Protection (RASP) offers a compelling next step toward automated protection. Instead of sitting externally to the app’s own code, RASP acts as a plugin, attaching to an application’s internals. Thanks to its internal view of an app, RASP can monitor its behaviors and map the typical connections and privileges that occur under the hood. Once a baseline behavior is established, RASP can then automatically detect – and critically, shut down – suspicious behavior.

With a proactive suite of virtual patching measures in place, your security is empowered to keep pace with DevOps, whilst helping nullify the threat of cybercriminals and the ensuing lawsuits.

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