The world’s largest package carrier no longer wants your cash. Beginning in September, United Parcel Service quietly stopped accepting cash payments for its parcel deliveries, a policy which rival FedEx already had in place. While the company says it notified clients, anecdotal evidence suggests notification was spotty, at best.
Some observers say the change isn’t that big a deal, since few companies pay U.P.S. in cash anymore. “It could be an inconvenience for a small company that doesn’t have a relationship with U.P.S.,” says Jeff McFadden, air freight manager for Middleburg Heights freight forwarder Kuehne & Nagel, “but I can’t imagine U.P.S. not accepting a company check, and forcing somebody to go get a certified check.”
Why the change? As with so much else in life, it was driven by security concerns. “They just don’t want their drivers carrying cash,” says McFadden, a board member of the Cleveland Air Freight Association.
