Money Orders

Buy money orders from a reputable source A U.S. Postal Money Order is a secure transaction because the money orders circulate through the Federal Reserve Bank. You can buy money orders up to $1,000 for only $1.50. You have the flexibility of purchasing money orders for military personnel or international money orders.

I recommend:  Purchase United States Postal Service money orders through the local post office or another convenient source such as MoneyGram Financial.

Use acceptable forms of money order payment To purchase a money order, use cash, traveler's check or a debit/ATM card. If you are cashing money orders, present it to a bank or post office. If cashing a U.S. Postal Money Order, a route carrier can accept and cash the money order as well.

I recommend:  Cash U.S. Postal Money Orders from a route carrier for convenience, or locate a Family Express center near you.

State your money order terms up front If you conduct business where you don't want to rely on accepting personal checks, inform your purchaser that you only accept money orders from reputable sources. Don't accept any form of paper that you receive as a bona fide source of capital.

I recommend:  Read a sample of specific language so that you can add money order language to your website that includes what form of payment you accept. Do not make exceptions.

Safeguard money order transactions through the mail Paper substitutes for money serve various purposes. Money orders, unlike traveler's checks or business and personal checks, can simplify the exchange of goods and services for money.

I recommend:  Buy money orders from AuctionMoneyOrders.com to mail monetary gifts or purchases. If you lose a personal check in the mail, the bank will charge you a fee to stop the payment. If you receive an authentic money order, you don’t have to worry about securing the funds. All you have to do is cash it and enjoy.