More on Money Orders - The UK Experience
Following up on our Ask Glenbrook post yesterday about US Postal Money Order volumes, Dave Birch from Consult Hyperion emailed the following about the experience with money orders in the UK:
Postal order sales rose 6% last year (to £338 million) with increasing use in the 15-24 age range. This is attributed to the Internet and, specifically, on-line auctions (Stokes, P. "Internet shoppers security fears trigger a postal order comeback" in "The Daily Telegraph": p.13, 29th Dec. 2004).Given the comment about online auctions, one wonders about PayPal's relative effectiveness for auction payments in the UK market.
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