28:
20:
141:. A payer who wants to send money to a payee pays the amount and a small commission at a post office and receives a receipt for the same. The amount is then delivered as cash to the payee after a few days by a postal employee, at the address specified by the payer. A receipt from the payee is collected and delivered back to the payer at their address. This is more reliable and safer than sending cash in the mail.
154:
299:
is offered at 60,000 grocery and convenience stores. In
Bangladesh, mobile banking services enable electronic transfer of money as well as retail transactions. In the United Kingdom, a number of credit card providers have started to provide pre-paid credit cards. These cards can be "topped-up" at any
246:
An international money order is very similar in many aspects to a regular money order except that it can be used to make payments abroad. With it, a buyer can easily pay a seller for goods or services if they reside in another country. International money orders are often issued by a buyer's bank and
71:
noted the success and profitability, and it took over the system in 1838. Fees were further reduced and usage increased further, making the money order system reasonably profitable. The only draw-back was the need to send an advance to the paying post office before payment could be tendered to the
258:
When purchasing an international money order, it is important to ensure that the specific type of money order is acceptable in the destination country. Several countries are very strict that the money order be on pink and yellow paper and bear the words "international postal money order." In
66:
The modern western money order system was established by a private firm in Great
Britain in 1762, though due to high costs was not very successful. Around 1836 it was sold to another private firm which lowered the fees, significantly increasing the popularity and usage of the system. The
144:
It is commonly used for transferring funds to a payee who is in a remote, rural area, where banks may not be conveniently accessible or where many people may not use a bank account at all. Money orders are the most economical way of sending money in India for small amounts.
247:
bought in the currency that the seller accepts. International money orders are thought to be safer than sending currency through the post because there are various forms of identification required to cash an international money order, often including a
197:
1861–1864. Money orders were later offered by many more vendors than just the postal service as a means to pay bills and send money internationally where there were not reliable banking or postal systems. Companies that now offer money orders include
181:
may not charge for money orders to their clients. Money orders remain a trusted financial instrument. However, just because a particular business can issue a money order does not necessarily mean that they will cash them. The
274:
In the last decade, a number of electronic alternatives to money orders have emerged and have, in some cases, supplanted money orders as the preferred cash transmission method. Many of these alternatives use the ubiquitous
237:
Obtaining a money order in the United States is simple, as they can be purchased at any post office, and are sold at many other locations. The US Postal
Service's international money orders are accepted in 29 countries.
88:
limits domestic postal money orders to US$ 1,000.00 as of
November 2023) while cashier's check are not. Money orders typically consist of two portions: the negotiable check for remittance to the
300:
location that uses the Pay-Point system and also at the Post Office for the Post Office card. PayPal has their own branded pre-paid card which can be "topped-up" using a PayPal account or Pay-Points.
189:
The United States Postal
Service began selling money orders as an alternative to sending currency through the postal system in order to reduce post office robberies, an idea instituted by
263:(one of the largest banking institutions in the world) requires these features. Most other countries have taken this as a standard when there is any doubt of a document's authenticity.
63:
practice of informal financial remittances through a widespread system of brokers can be traced to India in the 1300s and remains common in parts of Asia and Africa.
292:
104:
Money orders have limited acceptance in the insurance and brokerage industry because of concerns over money laundering. Because of provisions within the
413:
578:
231:
96:
on both portions, and similar documentation, either as a third hard copy or in electronic form and retained at the issuer and agent locations.
287:
system enables cash to cash transfers and is available at many of the thousands of convenience stores located in the country. In Italy, the
296:
288:
72:
recipient of the order. This drawback was likely the primary incentive for establishment of the Postal Order System on 1 January 1881.
544:
364:
84:. The main difference is that money orders are usually limited in maximum face value to some specified figure (for example, the
524:
386:
RTI Process gets
Further Boost with the Introduction of 'e-Indian Postal Order' for all by the Department of Posts
92:(the receiver), and a receipt or stub that the customer retains for record. The amount is printed by machine or
162:
85:
68:
582:
325:
309:
609:
319:
55:
Systems similar to modern money orders can be traced back centuries. Paper documents known as "
445:
384:
346:
8:
183:
117:
27:
549:
519:
418:
194:
81:
252:
170:
522:
has articles dated 1902, 2002, regarding the history of international money orders.
347:"Post Office Money Order: A. Scott of Bootle to Peter Hodgson Esq, Whitehaven, 1841"
207:
190:
161:
In the United States, money orders are typically sold by third parties such as the
121:
109:
464:"Money orders, secure documents for convenience stores and financial institutions"
80:
A money order is purchased for the amount desired. In this way it is similar to a
113:
105:
449:
529:
369:
603:
215:
166:
502:
484:
315:
223:
211:
178:
440:"Montgomery Blair: A Prominent Figure in Political History Passes Away".
266:
Foreign workers often use this method for reliably sending money "home."
93:
56:
157:
An international money order issued in
Chicago for encashment in Germany
280:
260:
138:
43:
from prepaid funds, making it a more trusted method of payment than a
19:
276:
248:
219:
112:, money orders have far more regulatory processing requirements than
227:
203:
295:
is offered through mobile top-up locations. In the United States,
284:
291:
system is offered through the
Italian post office. In Ireland,
60:
44:
153:
503:"370 International Money Transfer Services - Postal Explorer"
463:
89:
40:
199:
174:
564:
186:
issues money orders for a small charge at any location.
328:– a payment system developed out of fractional currency
283:
payment systems to settle transactions. In Japan, the
545:"Mexicans Send Dollars Home and U.S. Companies Profit"
312:– money transfer (other systems of transferring money)
137:
In India, a money order is a service provided by the
365:"16 are charged in scheme to launder drug millions"
601:
39:is a directive to pay a pre-specified amount of
59:" were used in China from the 800s, while the
414:"Western Union and Visa Offer Money by Phone"
411:
407:
405:
403:
23:Postal money order, Duchy of Brunswick, 1867
173:. Some financial service companies such as
16:Payment order for a prepaid amount of money
400:
433:
152:
26:
18:
31:A specimen money order of Italy c. 1879
602:
525:"International Money Order Extension"
13:
14:
621:
412:Brendan Jones (January 3, 1979).
318:– similar instruments mainly in
241:
148:
571:
557:
537:
269:
513:
495:
477:
456:
377:
357:
339:
1:
332:
444:. July 28, 1883. p. 1.
163:United States Postal Service
99:
86:United States Postal Service
7:
303:
127:
10:
626:
326:United States postal notes
50:
310:Electronic funds transfer
132:
75:
158:
32:
24:
579:"DBBL Mobile Banking"
553:. September 14, 1996.
485:"Money Orders - USPS"
156:
139:Indian Postal Service
30:
22:
351:www.victorianweb.org
320:British Commonwealth
253:photo identification
442:The Washington Post
389:, February 13, 2014
184:U.S. Postal Service
550:The New York Times
520:The New York Times
419:The New York Times
195:Postmaster-General
171:convenience stores
159:
33:
25:
533:. March 28, 1902.
122:certified cheques
118:cashier's cheques
617:
594:
593:
591:
590:
581:. Archived from
575:
569:
568:
561:
555:
554:
541:
535:
534:
517:
511:
510:
499:
493:
492:
481:
475:
474:
472:
471:
460:
454:
453:
437:
431:
430:
428:
426:
409:
398:
397:
396:
394:
381:
375:
374:
361:
355:
354:
343:
208:Cumberland Farms
191:Montgomery Blair
114:personal cheques
110:Bank Secrecy Act
625:
624:
620:
619:
618:
616:
615:
614:
610:Payment systems
600:
599:
598:
597:
588:
586:
577:
576:
572:
563:
562:
558:
543:
542:
538:
523:
518:
514:
501:
500:
496:
483:
482:
478:
469:
467:
462:
461:
457:
439:
438:
434:
424:
422:
410:
401:
392:
390:
383:
382:
378:
373:. May 13, 1998.
363:
362:
358:
345:
344:
340:
335:
306:
272:
244:
151:
135:
130:
106:USA PATRIOT Act
102:
82:cashier's check
78:
53:
17:
12:
11:
5:
623:
613:
612:
596:
595:
570:
556:
536:
530:New York Times
512:
494:
476:
466:. 3T Solutions
455:
432:
399:
376:
370:New York Times
356:
337:
336:
334:
331:
330:
329:
323:
313:
305:
302:
271:
268:
251:and a form of
243:
240:
167:grocery stores
150:
147:
134:
131:
129:
126:
101:
98:
77:
74:
52:
49:
15:
9:
6:
4:
3:
2:
622:
611:
608:
607:
605:
585:on 2012-10-29
584:
580:
574:
566:
560:
552:
551:
546:
540:
532:
531:
526:
521:
516:
508:
504:
498:
490:
486:
480:
465:
459:
451:
447:
443:
436:
421:
420:
415:
408:
406:
404:
388:
387:
380:
372:
371:
366:
360:
352:
348:
342:
338:
327:
324:
321:
317:
316:Postal orders
314:
311:
308:
307:
301:
298:
294:
290:
286:
282:
278:
267:
264:
262:
256:
254:
250:
242:International
239:
235:
233:
229:
225:
221:
217:
216:Western Union
213:
209:
205:
201:
196:
192:
187:
185:
180:
179:credit unions
176:
172:
168:
164:
155:
149:United States
146:
142:
140:
125:
123:
119:
115:
111:
107:
97:
95:
91:
87:
83:
73:
70:
64:
62:
58:
48:
46:
42:
38:
29:
21:
587:. Retrieved
583:the original
573:
559:
548:
539:
528:
515:
506:
497:
489:www.usps.com
488:
479:
468:. Retrieved
458:
441:
435:
423:. Retrieved
417:
393:February 16,
391:, retrieved
385:
379:
368:
359:
350:
341:
273:
270:Alternatives
265:
259:particular,
257:
245:
236:
232:3T Solutions
188:
160:
143:
136:
103:
79:
65:
54:
36:
34:
507:pe.usps.com
94:checkwriter
69:Post Office
57:flying cash
37:money order
589:2012-11-02
470:2014-04-21
425:August 16,
333:References
297:PaidByCash
281:MasterCard
261:Japan Post
450:137873011
322:countries
249:signature
220:MoneyGram
100:Drawbacks
604:Category
446:ProQuest
304:See also
289:PostePay
228:Wal-Mart
204:QuikTrip
193:who was
128:National
108:and the
565:"bKash"
285:konbini
212:Safeway
51:History
448:
230:, and
169:, and
61:Hawala
45:cheque
175:banks
133:India
120:, or
90:payee
76:Usage
41:money
427:2022
395:2014
277:Visa
200:7-11
177:and
224:CVS
606::
547:.
527:.
505:.
487:.
416:.
402:^
367:.
349:.
293:3V
255:.
234:.
226:,
222:,
218:,
214:,
210:,
206:,
202:,
165:,
124:.
116:,
47:.
35:A
592:.
567:.
509:.
491:.
473:.
452:.
429:.
353:.
279:/
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
