Who cashes money orders6/22/2023 ![]() There will also be blanks for your address, the address of the person you are sending it Most money orders will also have a place for you to write your name and/or your signature. On that blank, you write in the name of the person you are sending the money order to. Usually, the money order will have the words "Pay To" or "Pay To The Order Of" followed by a blank. Money orders from the different companies are all a little different, but they will always ask you to write in the name of the person you are sending the money to. It is important to fill out the money order as soon as possible-ideally, before you When you get the money order, it will have the amount filled in, but most of it will be blank. You will send this to the seller to pay for your purchase. Online for $100, and the seller asks for a money order, you go to the store with $101, and they will give you a $100 money order. There will be a small fee, usually about $1. You give them the cash and tell them you want to buy a money order. Such as convenience stores and post offices. As we'll see below, there are many easy options If you want to send money to someone with a money order, you first get the cash and take it to a place that sells money orders. (But don't let this lull you into a false sense of security-read below about the possible scams.) ![]() This is important, because the person you're sending the money to doesn't have to worry about whether you have enough money in your account-they don't have to worryĪbout a check "bouncing" because you don't have enough money to cover it. Unlike a personal check, which you write yourself, a money order is written by a large Like a check-it's a piece of paper that you give to another person to transfer money to them. It's been around since at least 1864, and hasn't fundamentally changed since then. In an age of electronic payments, the money order is rather old-fashioned.
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