Whats a money order?

Question

so i want to buy music from this website http://www.imusicshare.com/payment-pages/mail.html and i wanna pay by cash but it just says check or money order so im wondering if a money order could be replaced as cash

Answer 1

Money orders are a type of check that is basically backed by a bank as being as good as cash.

Many banks and businesses prefer money orders because they are guaranteed by the issuing bank to be good.

A regular check drawn on a personal account doesn't offer that guarantee and can often times "bounce" (meaning it's written for an amount that is greater than in the account) thereby making it worthless.

A money order is guaranteed because you pay the issuer cash (and a small handling fee) and they in turn issue a money order. I recommend going to the good old US Post Office for a money order. For any amount under $500 they are less than a buck, they're easy to get, and recognized just about everywhere.

http://www.usps.com/money/sendingmoney/moneyorders/welcome.htm

Answer 2

Some people think that money orders are completely safe. They are not.

Some scams use fake money orders. Most businesses will accept them, but I would be very careful accepting one for an Ebay purchase.

I would NEVER accept one from outside the country without waiting at least 15 days for it to clear. It should be treated like a personal check, not cash, if it is from out of the country.

If it is from Nigeria, don't even bother to deposit it, it is probably a scam. If the person wants you to send them money back, same story...SCAM.

Answer 3

Go with a check....my bank charges a $6.00 service fee for a money order

Answer 4

money orders are like checks. you can get them at banks or gas station and they are like at the most $1.50. you fill it out like a check and it comes with a receipt