What are the advantages and disadvantages of using postal order?

Answer 1

Advantages of using postal orders include their security, as they are a safe method of sending money without the need for a bank account, and their convenience for individuals who may not have access to online payment methods. They are also widely accepted for various transactions. However, disadvantages include potential delays in delivery, the risk of loss or theft, and limited availability in some regions. Additionally, postal orders may incur fees, making them less cost-effective for larger amounts.