Abstract: A payment coupon is prepared by stacking a plurality of individual sheets of paper atop one another and then slitting or cutting the stacked array into a plurality of segments. Each individual sheet has a plurality of spaced apart perforation lines such that there is provided a first area, a second area, a third area, a fourth area and a fifth area. The first area defines a first binding area,; the second area defines a payment portion,; a portion of the third area defines a mailing label and the other portion of the third area defines a second binding area; the fourth area defines a payment portion; and the fifth area defines a mailing label area. Each sheet is cut into at least four segments, and preferably, eight segments. When the segments are stacked and bound along their respective edges, they provide payment coupon books whereby each coupon has its own mailing label associated therewith which can be separated from the sheet along a perforation line.