How do money orders work?

Question

I want to buy someting online but my mom doesn't want to use her credit card for me. The other option on the website is to use a check or money order. But what is a money order? And how does it work? And how can I use a money order?\\

how do the people get the money from the money order

i hAVE NO CLUE!!

Answer 1

You go to the post office and you ask for a money order. You just pay cash (or with a bank card) for the amount of the money order, sign it and take it with you. When you buy the stuff online you mail in the money order, just as you would with a check and then you will get your stuff. They will charge you a small fee for getting the money order, but its not a lot. Good luck!

Here's a reference:

http://en.wikipedia.org/wiki/Money_order

Answer 2

good

Answer 3

You pay the money to the bank, the bank issues a money order.  You send the money order to whoever it is you are buying from, and they take the money order to their bank and get the money.  Because you have already paid the money to the bank, the money order is gaurenteed.

Answer 4

If you have the cash, take it to your bank or to an Amscot. Most banks charge for money orders, but Amscot does it for free. All you do is hand over the money and they give you back something that's like a check, and it's as good as cash. Just safer to mail that way. Good luck.

Answer 5

a money order is like a certified check. A money order is an alternative to cash and much safer, because it can be replaced if the money order is lost, stolen or damaged.

how it works? You go to your banking branch, and they do it for you, with the amount that you need to order. I guess they call it money order because you pay money to get it.

Answer 6

A money order can be purchased at places like the post office, department store, or corner convenience store.  They usually charge a fee.  So you basically take your cash, buy the money order, send it to the place you owe money, and kiss it goodbye.  The person who receives the money order cashes it like a check, and hopefully sends you the item you are purchasing.  It's safe for you to buy and send, but you have no way of getting your money back if they take the money and run, so just beware.  I wouldn't use a money order to buy something from a website that wasn't well known.  Do your research before doing this on the company you are buying from.  There are a lot of shady sites who do "business" on the internet.

Answer 7

You go to a bank or currency exchange and ask them for a money order for whatever amount you need. Then you make it out to the company/person you are going to send it to. Then you just send it to wherever you are going to buy stuff from.

Answer 8

You take cash to a place that prints money orders and they print you off like a check and you send it to the person that is owed the money. I believe but im not exactly to sure.

Answer 9

There are several places to get a money order from.  Post Office, Bank, and some Retail Stores.  Money Orders are pretty simple.  Basically, the way they work is you take the amount of money you need plus a little extra to where ever your are going to get the money order.  Then you take and give the person the amount of money you want for the money order and they charge a small fee for doing so.  Fees for money orders, usually aren't a whole lot.  They hand you a piece of paper with numbers and amounts on it.  There is a spot on the money order to put who it's from on it and then who it's too.  So be sure to put that on their.  Then stick it in an envelope and mail it out.  Money orders are better than checks because they are already paid for, so when they get the money order, they can send out the shipment right away.  Hope that helps.

Answer 10

You need to pay $10.   You go to the post office and give them $10 cash and they give you a money order.   You keep a copy and mail the original one to the people who want it.   They take it to a bank and deposit it just like a check.   It get's sent to the originator of the money order who pays the money to the bank.

If you lose it, make sure you have kept a copy.  You can get reimbursed in that case.   Money orders are great because they are guaranteed and you don't have to wait for a check to clear.   It is much faster.

Answer 11

You buy a money order from a convenience store, or from other places that offer them like wal-mart.  The fee is usually under a dollar depending on the amount of the money order.  The best place to get one is the post office, since theirs are certified and the money can be trusted.  It's basically a certified check that is guaranteed funds.  Then the person that receives it either cashes it, or deposits it into their bank and the money becomes theres.  It's safer than a personal check because its guaranteed money for the seller.  It can't bounce because it's already "pre-paid".