posted on October 11, 2000 04:52:44 PM
I heard an advertisement on the radio of a fairly known chain business -but not reputable in my opinion- offering 25¢ charge for money orders.
This would be nice for my valued customers (cost and convenience of locale-buy at the grocery store when purchasing groceries for an example), but what about me as a seller? Maybe the guarantee as the payee would not be in my best interest or even forgeries or computor generated?
The ad caused me to wonder since I will accept any money orders (domestically, that is). However, with these bargain basement money orders that I am noticing maybe I should require only USPS?
posted on October 11, 2000 11:02:57 PM
I buy and sell on ebay, and have used those bargain basement money orders as payment.
I think the buyer is more at risk than you would be as the seller. The first time I used one as payment the seller claimed he never recieved it, that it must have been "lost in the mail". It cost me $8.00 to trace it and prove the seller had cashed it.
Edited to add: Of course, you wouldn't be able to cash them at the post offfice. I guess you would have to cash them at your bank or the chain that sold them.
[ edited by BlondeSense on Oct 11, 2000 11:10 PM ]
