What is a money order ?

Question

I'm thinking of purchasing products online from the apple store and plan to pay with a money order. I don't own a credit card, and have no intention to for a while to come. What are the advantages to money orders, how does it work ?



Thanks

Jordan

What happens If the money order gets lost in the mail ?

Answer 1

A money order is like a guaranteed check. You want to buy something or pay a bill with a money order. This is what you do. You go to a grocery store, a bank, a convenience store, a truck stop.....anyplace that sells money orders. Tell them you want a money order for $37.00. They will print the money order and charge you an extra 1.00 (usually). So you give them $38.00. You then take your money order, fill it out like a check and mail it to the place you are making your purchase. The post office sells money orders and they will tell you exactly how to fill it out. Money orders are just a guaranteed check.

Answer 2

A money order is a note from an institution that the receiver can exchange for cash. The advantage to paying with money orders for online purchases is that the seller knows that he/she can get the money from a money order. This is unlike a check, which will not pay out if you don't have any money in your checking account. The reason for this is that when you get the money order, you give the money to the institution who sells it to you. It's better than sending cash through the mail though. The United States Postal Service and other places sell money orders so you can get one easily.

Answer 3

Basically a money order is used just like a check. The difference is that it is considered to be "guaranteed funds" (which nothing is these days) because it has to be purchased with cash. Many places that will not accept personal checks will accept money orders for this reason. Money orders are a little more difficult to track though in event that they are ever lost or stolen, plus there is usually a fee to purchase one.

Answer 4

I money order is kinda like a certified check. It is a great way to pay for things. DON"T ever get a credit card, they can ruin you life. The advantage of a money order is that if it gets into the wrong hands there is no way they can break into your bank account or personal info. Also the vendor you buy from, knows that it is better than a personal check because it won't bounce.

Answer 5

It takes longer than paying with credit, but it is still a good way of paying. You have a physical record of payment in your hand when you buy one (from the post office or bank).

When you buy one:

Find a business that will sell money orders (I always use postal money orders from the post office because everyone has access to a post office nearby. Some stores have to have money cashed at one of their branches). Tell the clerk the amount and they will print out the money order (it will be $0.90 or so for processing and printing it). Put the address and name of the business (Apple) on the M.O.

Mail it out and keep in contact with Apple to make sure they got it.

Answer 6

You can go to a Post Office for these. You basically pay them the amount you want on the money order and they'll give you a slip of paper almost like a check saying that this is how much it's worth. Its a safe way of sending money without giving out any personal information.

Answer 7

okay so a money order is like a pre paid check, you can get them at some liquor/convienient stores, post office, banks, etc. they are about 1.00-3.00 depending where you purchase one. you give the vendor how ever much money you want the money order to be and they will give you what looks like a check (with the amount on it) you then fill out as if it were a check: make it out to the person or company, the amount will already be printed on the money order, also put the purchasers name and address at the bottom (which is you) then mail it. yup thats it! :0

Answer 8

Shop around, the fee for them can vary greatly. I find that the ones I get at supermarkets are far less expensive then the ones you get at banks or the post office. I have found that American Express money orders are the least expensive.

Let's say you want to buy something that cost 20.00. You would go up to the teller/clerk and tell them you need a money order for $20.00. The clerk prints out the money order and then charges you like $20.50 (The .50 being the fee for the money order....but like I said, it can be as high as 2 or 3 dollars so shop around.)

Answer 9

You can purchase a money order almost anywhere. It is much safer than cash. It's basically you exchanging cash for a check. The check is well protected with tracking numbers and such. Companies prefer money orders because they process faster than personal checks and credit cards, but not as fast as cash. But its hard to send 1000 dollars worth of cash through the mail.

Answer 10

You buy a money order at any post office and most gas stations. It's basically "guaranteed money". It can't bounce. It's as good as cash to the recipient. You need to make sure you keep the stub. If it gets lost in the mail or something, you MUST have the stub in order to trace it or get your money back.