money orders

lilypad22May 5, 2006

I found an auction site just for african violets - that's a flower. It is free to sell violet leaves, plants and african violet related items only. My question is receiving payment. The payment is totally up to me to collect. I know paypal charges a transaction fee, but I don't know how much. If I ask for money orders only, where do I cash them and do they charge to cash them. Could they be deposited in a checking account like a check. Also on ebay some people don't want Postal money orders (is this the ones purchased at the post office?) why wouldn't one want those? I would be selling leaves, so the amount of a transaction would be less than $5.00 for the buyer..I don't want to loose the little I would make after the postage, so I don't want to have to pay extra to get the money. Any ideas out there? Thanks, tish

Thank you for reporting this comment. Undo

I've received money orders for items I've sold and don't recall ever having to pay a fee to deposit them in my checking account. They're like any other check in that regard. A money order will costs the sender somewhere between a few cents and a dollar, which discourages M.O.s for small purchases like yours.

I'm not sure why some people don't like accepting Postal money orders other than the fact that, if there are disputes or shenanigans that go on with the payment or the goods, the Postal Service treats it as mail fraud, which is a very serious charge. I don't think other M.O.s offer that much protection. And that's why I always send Postal money orders when I have the choice.

    Bookmark   May 5, 2006 at 4:55PM
Thank you for reporting this comment. Undo

The reason many people won't accept money order now is that they have been counterfeited. Cashier's checks are also not always safe.

From "Apr 29, 2005 -- Beware of phony money orders!
Over the past four years, Clark has gotten lots of phone calls about phony cashierÂs check scams. But over the past four months, those calls have been replaced by questions about a new counterfeit scam that has taken its place. Starting about Thanksgiving of last year, calls started coming into the show about phony money orders. Basically, criminals are using phony money orders to buy items through classified ads, on eBay and from retailers, and the phony forms look perfect. The New York Times published a comparison graphic recently that showed a legitimate USPS money order next to a fake one and they looked exactly the same. The reason cashierÂs checks and money orders are so popular with criminals is that they havenÂt changed much over recent decades. We need some type of electronic verification with these services before more people get taken. "

    Bookmark   May 6, 2006 at 12:24PM
Thank you for reporting this comment. Undo

Look up the terms of a "Personal Account" on Paypal. You can receive payments for free, but the catch is that no one can use a credit card to send you the payment. They'd have to use their Paypal account balance or checking account to send the money. There may also be a limit on how much money you can receive with a Personal account, but since your transactions will be small that may be no problem.

    Bookmark   May 6, 2006 at 1:43PM
Sign Up to comment
More Discussions
refinancing a home
Just learned my interest is 5.25 on our home morgage....
Investing for your Future
I'm wondering if most people today hire financial planners...
child tax credit, age 17 cutoff
I was just wondering if anyone knew the logic behind...
I NEED to vent!
I am so UPSET Just received a notice from my credit...
Here's a question for those who pay with cash
It happens occasionally, I'll be in a checkout line...
Sponsored Products
Home Decorators Accent Rug: Calais Black 2' 6" x 4' 6"
Home Depot
Made to Order Nail Button Navy Wingback Headboard
Center Ring Circus Giclee 14" Wide Ceiling Light
Lamps Plus
Olde Bronze Mini Pendant 1-Light
NCAA XL Tournament Cornhole Bag Set - BB-XL-FLA
$36.99 | Hayneedle
Bolla Satin Nickel Three-Light Bath Fixture with Garnet Glass
$432.00 | Bellacor
Russell modern sectional sofa
Interior Define
Raindrop Bold Stripe Apothecary Table Lamp
Lamps Plus
© 2015 Houzz Inc. Houzz® The new way to design your home™