posted on September 14, 2004 08:35:43 PM
I don't sell much outside the US, but I have a person in Japan interested in one of my items, and offering to pay with an international money order. Am I going to have trouble depositing that? Is there something else I should suggest he use? Thanks!
posted on September 14, 2004 08:39:45 PM
I've gotten International Postal Money Orders from Japan that I cash right at the Post Office. They are pink in color.
posted on September 14, 2004 09:03:54 PM
You should ask your bank if they charge for them. Most reputable banks do not charge for depositing international money orders. I deposit on average 5 a month without any trouble at all. Works just like any other check.
posted on September 14, 2004 09:14:37 PM
I have 2 money orders from Canada that my bank will not deposit for me. First International Money Orders I've received in my 2+ years of selling. I use Citibank. One was actually deposited but then sent back to me with a friendly little charge. I'm working on getting that removed. I didn't know that you could go to the post office with them... Anyhow, I would double check with a COMPETENT teller before attempting to deposit them as they've been sort of a nightmare for me at Citibank.
posted on September 14, 2004 09:29:15 PM
Postal money orders from Japan can be easily cashed at the post office. (So can Canadian postal money orders).
Otherwise, have them use BidPay--they pay BidPay by credit card and they, in turn, send you a Western Union money order cut right here in the U.S. Wait until BidPay sends you the second confirming email before you ship the item. Your money order will arrive in 3-5 business days. I have used BidPay for years & have never had a problem, and always ship after the second email.
____________________
"Bad temper is its own scourge. Few things are more bitter than to feel bitter. A man's venom poisons himself more than his victim." --Charles Buxton
posted on September 14, 2004 09:38:21 PM
Thanks everyone! My auctions say "USA Only", but I have made exceptions in the past. I'm just delighted he ASKED first.
posted on September 14, 2004 10:33:36 PM
Same here Jack. Never a problem with the Japanese. Most of them know you want only an international POSTAL money order, but it doesn't hurt to specify. I've even received U.S. postal money orders from Japan. Bunni has the right idea. Strongly suggest Bidpay. It's safe to ship as soon as you receive the authorization (second) email from them.
A $75.00 solid state device will always blow first to protect a 25 cent fuse ~ Murphy's Law
posted on September 15, 2004 09:24:31 AM
An Internationl Money order in USD is a money order that is drawn on a US bank. You will have no problems whatsoever cashing it unless your bank teller is a complete idiot (in which case you carefully, using as many mono sylabic words as possible, point out the bank original that is printed on the money order (then give them the - "Were you born a complete idiot or just forget to have your coffe this morning look"
If what you recieve is the pink postal order `money order, just cash it the next time you are dropping off your ebay shipments.
By the way - when all is said and done... don't forget to pay your tyth to the ebay gods for bringing you a Japanese bidder. they are among the most charished of all
~~~ • ~~~ • ~~~ • ~~~ • ~~~
If it's really "common" sense, why do so few people actually have it?
posted on September 15, 2004 09:37:29 AM
not all intl money order in us dollars are drawn on us banks,they can be drawn on the foreign issuer banks as long as they have the fund in us dollars or willing to find them somewhere somehow.
As for depositing intl us dollar money orders drawn on foreign bank,there is usually a fee involved as this involves foreign clearance,if they are drawn on us banks,there should be no fee ,no different than clearing a us bank check.
For some reason,California is different.
-sig file -------Life is one big happy 'All You Can Eat' buffet .
posted on September 15, 2004 09:44:58 AM
INTERNATIONAL POSTAL MONEY ORDERS (pink) from CANADA do NOT have the proper US FED RESERVE BANK routing numbers on them -- if you deposit one at yer bank, ye may end up paying HEFTY clearing fees!
OTOH -- you CAN cash it (without any charge) at any USPS branch that has the proper computers set-up
"As you know, we don't have relationships with Iran. I mean, that's — ever since the late '70s, we have no contacts with them, and we've totally sanctioned them. In other words, there's no sanctions — you can't — we're out of sanctions." —George W. Bush, Annandale, Va, Aug. 9, 2004
posted on September 15, 2004 10:03:07 AM
good point,Tom.
i was charged a 5 dollars fee by my bank for Canadian and Japanese POSTAL money orders.
-sig file -------Life is one big happy 'All You Can Eat' buffet .
posted on September 15, 2004 10:36:38 AM
trai,
you should say INTERNATIONAL POSTAL MONEY ORDER ,not INTERNATIONAL MONEY ORDER.
-sig file -------Life is one big happy 'All You Can Eat' buffet .
Most of the INTERNATIONAL MONEY ORDERS I've received have been drawn on a USA bank in US dollars & have the correct FED RESERVE numbers on the bottom -- they be FINE to deposit into my checking account WITHOUT any charge
"I hope you leave here and walk out and say, 'What did he say?'" —George W. Bush, Beaverton, Oregon, Aug. 13, 2004
posted on September 15, 2004 12:52:49 PM
I will try to clear up/ explain the money order questions.
There is a legal agreement between Canada Post and USPS. This agreement states that a money order issued by either countries postal stystem will be cashed at either countries official postal outlet and will be done free of any charge. In Canada we can only cash the "pink" International USPS money order. It is paid out to the Canadian customer in CDN funds using the current exchange rate. The USPS also issues a "domestic" money order which is "green" in colour and states "negotiable only in USA and it territories" obviously this is not cashable in Canada, though I did receive 16, yes sixteen in one week.
For bank issued International money orders it is solely the discretion of your individual bank if they wish to charge a "service fee" for cashing. Personally I have never been charged any type of fee for cashing/depositing any money order.
The banks are not included in the legal agreement between Canada Post and USPS, hence them charging to cash a postal money order. Those that do are using it as a "money grab/ because they can"
Hope I have helped........
posted on September 15, 2004 01:04:29 PM
I use Bank of America and have never had a problem depositing international money orders regardless of the type.
I don't get a lot of them, maybe 5 a month, but there are no charges and no problems with the deposits.
posted on September 15, 2004 01:06:38 PM
Actually...you didn't, because ye be CANADIAN.
MOST USA banks will NOT accept a pink Canadian INTERNATIONAL POSTAL MONEY ORDER without charging a huge fee ($5-$35!!) to process! WHY?? Becuase they CANNOT just run them thru like all other MO's and personal checks, but have to send them out to a special branck to be processed -- the NUMBERS on the BOTTOM aren't any good for USA banks!
THAT SAME POSTAL MO can be taken to ANY USA USPS branch & cashed for FREE!!
THIS IS DIFFERENT than Canadian bank money orders in US$, because most of those are DRAWN ON A USA BANK & thus, have the PROPER ROUTING NUMBERS on the bottom & my bank just treats it as any other MO--WITHOUT ANY CHARGE!
"I hope you leave here and walk out and say, 'What did he say?'" —George W. Bush, Beaverton, Oregon, Aug. 13, 2004
posted on September 15, 2004 08:09:35 PMMOST USA banks will NOT accept a pink Canadian INTERNATIONAL POSTAL MONEY ORDER
Wrong as usual. Ralphie must not be wearing his underwear. I get them frequently and never ever a charge to deposit them. This is the key. If you are cashing them, there is a charge. If you deposit them, no charge.
I use Citibank.
Now there is a problem. No secret to how crappy SH--Y bank is. Open a new account somewhere else. I use T.C.F. and Nova Savings Bank. Never a problem and you can actually get customer service from either.
posted on September 15, 2004 09:44:50 PM
Provided you regularly visit a US Post Office, then the pink International Postal Money Orders are free to encash. Other varieties of International Money Order or negotiable instrument may incur a bank charge depending on your bank. Good banks won't charge for handling them
posted on September 15, 2004 10:34:05 PM
When I have buyers from japan, I send the item as soon as they SAY they are sending money. I've never been ripped off by a buyer in Japan. I've received many of the postal money orders from japan. I deposit them in my bank the same as a check. NEVER a problem. Cash them at the post office? Sure, Not a problem.
They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety. B. Franklin
