{"id":346,"date":"2022-03-25T10:47:14","date_gmt":"2022-03-25T10:47:14","guid":{"rendered":"https:\/\/compoundingstacks.com\/?p=346"},"modified":"2022-04-04T15:03:59","modified_gmt":"2022-04-04T15:03:59","slug":"can-a-money-order-bounce","status":"publish","type":"post","link":"https:\/\/compoundingstacks.com\/can-a-money-order-bounce\/","title":{"rendered":"Can A Money Order Bounce?"},"content":{"rendered":"\n
Money orders are very useful for paying money to landlords and utilities, especially if someone does not have a bank account. <\/p>\n\n\n\n
However, there can be some downsides in accepting them, and you should be aware of any risks you could face from potential fraudsters. <\/p>\n\n\n\n
A money order is basically a paper check that isn’t connected with a singular bank account. <\/p>\n\n\n\n
To get one, a purchaser gives the money order issuer (you can pick these up at local shops, convenience stores, or grocery stores) the amount of cash that they want to send plus a small fee. <\/p>\n\n\n\n
In return, they get a money order slip they can fill out themselves and give to a recipient – usually recipients such as landlords, utility providers, or other merchants. <\/p>\n\n\n\n
Those that only accept cash or checks will typically accept money orders as well. <\/p>\n\n\n\n
A money order is an instrument of payment issued by the United States Postal Service (USPS) for use in making payments to vendors and other recipients. <\/p>\n\n\n\n