I want to buy a number of things from and American internet site and I was wondering what a money order is. On the other hand, I live in the UK, so I'd need information on how to convert my £ into $. When you pay with a credit card they just do it strightaway for you: is it the same with money orders?
2007-07-18 11:44:57 · 5 answers · asked by george 3 in Business & Finance ➔ Personal Finance
Money orders are like checks, but they are guaranteed--you pay for them before you get them. They are sort of like traveler's checks and I am sure you have something similar in the UK.
2007-07-18 11:53:30 · answer #1 · answered by Nelson_DeVon 7 · 1⤊ 0⤋
Money orders are basically like a check (you fill them out like a check), but they are paid for with cash (i.e. the money is guaranteed on them basically.) I think you'd have to figure out the American equivalent of your currency it and purchase it for that price in your currency unless there is somewhere specific there that will do that for you. (**Western Union computers can do an automatic currency conversion (F7 option I believe if the person helping you doesn't know) so if you can find a place there that does western union it can do the current conversion for you. Here a lot of Western Union places also sell Western Union money orders as well as do money transfers so maybe it's the same there as well.)
2007-07-18 18:56:42 · answer #2 · answered by IAskUAnswer 6 · 0⤊ 0⤋
It's the US equivalent of a postal order, in the US you normally buy them at a post office or some supermarkets sell them - they charge a small fee at the supermarket (ie a $25 money order cost me $26 a while back !!!)
I have had a look but don't see a way for an international customer to purchase one but here's the site anyway .... http://www.usps.com/money/sendingmoney/moneyorders/welcome.htm
Do you have any friends in the US or any planning to visit soon ?
2007-07-18 19:07:45 · answer #3 · answered by Mari C 3 · 1⤊ 0⤋
They are like a bankers draft.
You go to the bank and give them the payees name, they make out the draft with the amount, providing you have the funds in your account and the amount is deducted from your account immediately, therefore guaranteeing the recipient that the draft will be honoured.They obviously make a charge for this service.
2007-07-18 19:08:50 · answer #4 · answered by firebobby 7 · 0⤊ 1⤋
it could be a postal order?
2007-07-18 18:53:04 · answer #5 · answered by L 7 · 1⤊ 1⤋