What Is A Money Order And How Does It Work?
A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee to receive cash on demand. A money order functions much like a check, in that the person who purchased the money order may stop payment.
How does a money Orde work?
A money order is a paper document, similar to a check, used as payment. You buy a money order by giving cash or other guaranteed funds to a cashier, plus a fee for the service. They print out the order, you fill out some information, and send or give it to whomever you're doing business with.
What Is a Money Order? - The Balance
What is the benefit of a money order?
Advantages of Money Orders More secure than cash, personal checks and maybe even card payments. With money orders, the payer and the payee don't need banks or bank accounts. People without bank accounts can also use money orders to pay monthly bills.
What is a money order? | financeguru.com