Ive received a Postal order from an ebay member for a purchase made from me. I was going to post it but do I have to wait for it to clear like a cheque? Or do you pay it in and is credited straight away? I know I might sound stupid but Ive never received one before! Thanks
2007-07-30 00:40:04 · 11 answers · asked by emmaloubeeee 3 in Business & Finance ➔ Personal Finance
I would have a PayPal account as it was much easier than all this faffing around but it was hacked into so never having one again!!
2007-07-30 01:01:25 · update #1
depends if it is crossed or not. if it is crossed you will have to wait for the money. if it is not you can take it to a post office and cash it straight away.
either way I think you are duty bound to send item. A postal order has been pre-paid by the buyer so you WILL get the money, it's not their fault your bank might make you wait. Some banks dont make you wait for them bcause it is as good as cash, some do because their systems are used to cheques.
2007-07-30 00:56:31 · answer #1 · answered by alatoruk 5 · 0⤊ 0⤋
it is, in some ways a check, and other ways, a cash instument. you can go to any bank, or post office and they will give you the cash (it's already paid), or you can put it in the bank and it will available from the time of deposit (just like a cash deposit is). even some stores will accept them as payment for goods or services. just note this, some money orders are called postal money orders, but unless it has the postal service emblem on it, it isn't from the post office, but from another source. if from another source, deposit it, and don't use the funds for a few days, just to be sure the thing was real. like a check, money orders take a few days to clear the issuing bank. fakes are quickly caught, and funds once deposited into your account will be as quickly removed.
2007-07-30 01:12:38 · answer #2 · answered by de bossy one 6 · 0⤊ 0⤋
Can I make a suggestion? Also take along a print out of the eBay transaction. If it's a case of "fraud", it can make your life a little easier. Just a word to the wise. Do not use your bank, nor do you send the item until you have actual cash in hand. If it's bogus, you "eat" all the fees, etc etc. Good luck. Use Paypal. It's a better alternative and it may cost you a little, but it's worth the fees vs. this type of headache and concern
2007-07-30 00:49:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
In the U.S., a postal money order is practically treated as cash. It's very reliable, and a good way to pay for something like eBay purchases if you want your item(s) immediately.
2007-07-30 00:48:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Just cash it in u do not have to wait 4 it to clear the post office to charge a bit of money to cash them go to the bank
2007-07-30 02:51:39 · answer #5 · answered by hounslow m 2 · 0⤊ 0⤋
If you send someone a P.O.....they technically have your cash in their hand, and the same with you receiving on....treat it just like cash....no difference..as the person who bought the postal order, has had to part with their money over the counter to buy it!
2007-07-30 00:49:08 · answer #6 · answered by olivo 4 · 0⤊ 1⤋
Go to the post office and collect the cash....A postal order is virtually cash!
2007-07-30 00:43:59 · answer #7 · answered by Anonymous · 0⤊ 1⤋
You can ONLY swap it for cash at the Post Office.
2007-07-30 01:12:44 · answer #8 · answered by k 7 · 0⤊ 0⤋
No, these postal orders are like money orders, no waiting time is needed.
2007-07-30 00:50:04 · answer #9 · answered by trey98607 7 · 0⤊ 1⤋
just go to a post office if you take id they cash it there and then x
2007-07-30 00:44:14 · answer #10 · answered by LISA T 4 · 0⤊ 0⤋