![]() You can pay with cash, debit card or credit card. Be aware that some vendors treat a credit card payment like a cash advance. Cash advances usually come with their own fees and rates. Once you’ve decided where you want to purchase your money order, you’ll need to make sure you have enough funds to pay for the order. You’ll need to buy multiple money orders if you’re trying to send more than $1,000. Keep in mind that money orders have a maximum limit, typically $1,000. International money orders may cost extra. Other vendors like Western Union, Walmart and MoneyGram usually charge around $1. Military money orders from postal facilities only cost 40 cents. The postal service charges $1.20 for orders up to $500 and $1.60 for amounts up to $1,000. Some banks waive or lower fees for account holders. It’s not unusual for banks and credit unions to charge between $5 and $10 for a money order. But if you want to pay a lower fee, the post office, grocery store or pharmacy offers a better choice. Your first instinct might be to head first to your own financial institution. This fee will depend on where you get the money order and sometimes on the order’s amount. Stores like Walmart and CVS typically sell money orders. This includes banks, credit unions, supermarkets, convenience stores, pharmacies, post offices and check cashing and money transfer stores. You can get a money order from several locations. Not only are money orders a more secure form of payment, but they’re pretty convenient as well. You can also cancel or stop a money order in case it’s lost or stolen. It’s also more secure since there is less personal information. The funds are guaranteed since it is paid for upfront. Money orders provide some peace of mind for both the sender and recipient. Then the recipient can take the money order to their bank or other location to deposit or cash it. When you get a money order, you pay the order amount upfront to the vendor. A money order is a form of payment that serves as an alternative to cash or personal checks. If you’re unfamiliar with money orders, let’s start from the top. ![]()
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