Cash by mail meaning
"Cash by mail" is a phrase that refers to a payment method where a customer sends cash to a business or individual through the mail, typically in the form of a check, money order, or cashiers check. This method is often used when a customer wants to make a payment to a business or individual who does not accept credit or debit card payments, or when a customer prefers to pay in cash but cannot do so in person.
Cash by mail payments are typically made by sending a check or money order to the business or individual, along with any necessary payment information, such as the payment amount and payment date. The payment is then processed by the business or individual, and the customer is typically sent a receipt or confirmation of payment.
Cash by mail payments are commonly used for various purposes, such as:
- Rent or mortgage payments: Many landlords and property managers accept cash by mail payments from tenants or homeowners.
- Utility bills: Some utility companies, such as electricity or gas providers, may accept cash by mail payments from customers.
- Insurance premiums: Insurance companies may accept cash by mail payments from policyholders.
- Online purchases: Some online businesses may accept cash by mail payments from customers, especially if they do not have a secure payment processing system in place.
- Personal transactions: Individuals may use cash by mail to make payments to friends or family members who do not have access to a bank account or credit card.
It's important to note that cash by mail payments may not be as secure as other payment methods, as there is a risk of the payment being lost or stolen in transit. Therefore, it's essential to use a secure and trackable payment method, such as a certified mail receipt, to ensure that the payment is received by the intended recipient.