Money order???

Question

what does money order mean?

paying through money order??

Answer 1

A money order is purchased from the bank where you keep your accounts/money. Money orders are purchased and are a way of providing guaranteed funds.

Wiki says:

"A money order is a payment order for a pre-specified amount of money. Because it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a personal check. Merchants welcome the extra security of a pre-paid money order instead of a personal check, which can bounce."

Hope that helps!

Answer 2

Yes, you can pay for things with a money order.  They are commonly used to pay for things through the mail.  You can purchase them at post offices and usually grocery stores.  If you have been paid with one, you can cash it like you would a check.  If you were filling it out you would write the party's name that is receiving the money on it, your address, what is being paid for and your signature.

Answer 3

a money order is the same as cash.  you buy a money order, there are lots of places that sell them like grocery stores or Minny markets.  you full it out the same as a check and send it off to whoever you owe the money to. keep the duplicate for proof of payment.

Answer 4

Money Orders are basically guaranteed checks that you buy from a local seller (banks, grocery stores, etc) They are bonded (insured against legal issues) They are in essence a "middle man" for money transactions.

You buy the money order, get charge a fee, get issued a guaranteed form of payment to whomever you make it out.

Most people buy money orders because they can be traced through the company to see who cashes them and businesses like them because they are assured of being able to cash them.

It provides security for both parties, most especially those without checking accounts or for companies that want to be paid "up front" i.e credit/debit card so they can be assured of payment.

Answer 5

A money order is a payment order for a pre-specified amount of money and is purchased for the amount desired.

Because it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a personal check.

Merchants welcome the extra security of a pre-paid money order instead of a personal check, which can bounce.