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What is money order payment?

Updated: 9/19/2023
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13y ago

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It is a prepaid check that guarantees payment from one individual or group to another. It isn't necessary to have a checking account in order to purchase and send a money order. Whereas checks can bounce because the money isn't withdrawn until the recipient cashes or deposits the check, money orders are guaranteed to be valid. The U.S. Postal Service issues money orders for a small charge at any location.

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13y ago
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Q: What is money order payment?
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What is a bank money order?

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.


Made a payment with moneygram moneyorder how do you know they cashed it?

Call the number on the back of your money order receipt.


Can you stop payment on a postal money order because of non receipt of goods and services?

You have two (2) years to stop payment on a US postal money order. You have forms to fill out one to stop payment that will cost you 6.40 or so and than a for 306 for them to pay you back your money if they decide it was fraud.


What is money order-?

A money order is a payment of a pre-scheduled amount of money that you can send to someone or receive. You can go to a store or a bank. The money order must be paid in full at the time of purchase. You can also use this by US mail if you don't want to write out or pay with a personal check.


How can you check if a money order has been cashed?

You can visit the bank/Post office, produce the money order number and inquire the status. They would have the status of the payment.


What are the methods of payment?

cheques,money,credit cards, PayPal,bankcards,giftcards,vouchers,direct debit, standing order, vax,chaps,money transferring order.


What is the homphone for payment of money?

A homophone that means to bring a stop, payment of money


What are the types of payment methods?

cheques,money,credit cards, paypal,bankcards,giftcards,vouchers,direct debit, standing order, vax,chaps,money transferring order.


Sent in money order for payment but the COMPANY says they never received it but the money order has been cashed?

Money orders are one of the safest ways to safeguard yourself from fraudulent companies or theft. If you have the receipt for your money order you can contact the company that issued the money order to see when, where, and who cashed the money order. You should file a police report and make a claim with the money order company to get compensation.


What is a written order directing the bank to deduct money from your checking account to make a payment called?

a check


What is meant by refund?

To refund is to give back the payment made, usually due to a cancelled order or unsatisfactory service and/or returning of a money guarantee as part of a payment deal.