topic Receiving a money order payment in Selling

Receiving a money order payment

thesoulyearns — Sun, 20 Jan 2013 07:52:52 GMT

Hi everyone,

Just had a request for a payment to be made via money order. Haven't accepted a payment method like that before... mainly concerned about the protocol regarding a refund. If anyone has any advice, I'd really appreciate it. Thanks alot. 🙂

Re: Receiving a money order payment

leader-of-the-band — Sun, 20 Jan 2013 08:04:18 GMT

Simple, let them send you a money order as payment. If a problem arises that warrants refund then have them send back the item and include their return address so that you can refund them via money order (minus the cost for the money order as they are not free).

Best thing is that there will be no formal dispute resolution process if a problem arises as there is no buyer protection for money orders and they are not subject to chargeback. You can convert the money order into cash at the Post Office.

Re: Receiving a money order payment

thesoulyearns — Sun, 20 Jan 2013 08:44:10 GMT

Thanks LOTB, I'll most likely accept it. 🙂

Re: Receiving a money order payment

i-once-was-bump — Sun, 20 Jan 2013 09:32:22 GMT

It is as good as cash but safer than cash for sending in the mail.

Re: Receiving a money order payment

foxette-in-sox — Sun, 20 Jan 2013 09:54:22 GMT

Money orders cost around $8 now & JMO but I wouldn't be surprised if AP do away with them at some point.Its a very strange way to pay for an item on ebay & its a pain to cash it if you don't go to a PO on a regular basis.

Re: Receiving a money order payment

xena-and-alex — Sun, 20 Jan 2013 12:32:13 GMT

Send the buyer an IOU.

Re: Receiving a money order payment

tonalidesigns — Sun, 20 Jan 2013 13:39:56 GMT

We had a buyer recently who wanted to pay that way ... until we pointed out that it costs $8 pLUS the cost to post it ... and that while they were standing at the PO counter getting the M/O they could actually deposit the payment into our comm bank a/c.

Re: Receiving a money order payment

glenbankloel — Sun, 20 Jan 2013 20:56:09 GMT

You can also bank direct into your own bank account. Can be a pain, as you then have to make a trip to bank or Credit Union yourself, and they now treat them like cheques, i.e. 3 working days to clear. I discussed this with my credit union and they claim that it is new legislation. They are a workable alternative to Paypal but clumsy I think.

Re: Receiving a money order payment

wickedfezplayer — Sun, 20 Jan 2013 21:41:39 GMT

Hi, a few months ago I had a buyer who wished to pay by money order, I agreed and he then sent me cash in an envelope.

Re: Receiving a money order payment

phorum_junkie* — Mon, 21 Jan 2013 02:47:19 GMT

I don't care how they pay as long as they pay. I usually get at least one moneyorder or cash in an envelope a year.

Re: Receiving a money order payment

lyndal1838 — Mon, 21 Jan 2013 04:10:14 GMT

You can also bank direct into your own bank account. Can be a pain, as you then have to make a trip to bank or Credit Union yourself, and they now treat them like cheques, i.e. 3 working days to clear. I discussed this with my credit union and they claim that it is new legislation. They are a workable alternative to Paypal but clumsy I think.

No, it is not new legislation....it must be 20 years since I deposited a money order in a Credit Union account and they treated it as a cheque way back then...I have never done it since, but in 2006 I had to put a money order into my bank account and again it was treated as a cheque but with 4 days clearance time.

Re: Receiving a money order payment

thesoulyearns — Mon, 21 Jan 2013 05:06:16 GMT

Thanks everyone. Years ago I used to pay by cash in an envelope, probably before I had a PP account. Think I also paid by Western Union once or twice. Never had any problems with cash in an envelope, though I probably wouldn't advise it for more costly items. $7.95 is a small price to pay for a bit of added security.

Re: Receiving a money order payment

*sparklz* — Mon, 21 Jan 2013 05:09:24 GMT

I would advise them of you bank details and ask they pay there and save the money order fee.

Re: Receiving a money order payment

not_an_eloi — Mon, 21 Jan 2013 05:23:07 GMT

money orders can be cancelled.

be back when i can find the information

Re: Receiving a money order payment

2106greencat — Mon, 21 Jan 2013 07:41:20 GMT

money orders can be cancelled.

Not after you've cashed 'em. Soul, know you wont post till Cash in your hand right?

Re: Receiving a money order payment

not_an_eloi — Mon, 21 Jan 2013 07:45:23 GMT

was a scam, counterfeit money orders, still lookin'

Re: Receiving a money order payment

2106greencat — Mon, 21 Jan 2013 08:01:00 GMT

eloi, give it up, 's all good, by the time you find it soul will have the money :^O

Re: Receiving a money order payment

thesoulyearns — Mon, 21 Jan 2013 08:19:38 GMT

Thanks eloi, it's good to know that. The specific person who asked the question seems honest and trustworthy so there probably won't be a problem but I won't post until the M.O. has been cashed. They haven't bid yet but hoping they will! 🙂

Re: Receiving a money order payment

i-once-was-bump — Mon, 21 Jan 2013 08:25:02 GMT

mainly concerned about the protocol regarding a refund

soul the cost of a money order is not your worry, if the buyer wants to pay it then it is their money and no one else's business also I don't think you have to worry about Aus Post doing away with them before you get your payment and cash it.

When you receive the MO go to a Post Office (have ID with you) and get it cashed.

Once cashed you can then post the item.

If at a later date you need to refund the buyer you have the option of sending them a money order less the cost of you getting the MO or you can ask for their bank details and if they provide them then pay into their bank account. Or you could ask if they would accept a personal cheque from you for a refund.

All up it is not a big worry.

Re: Receiving a money order payment

2106greencat — Mon, 21 Jan 2013 08:28:07 GMT

don't tell me to give it up, you rude person

eloi, I wasn't being rude, but tell me - once I cash the MO, readies in my pocket, how you gunna get tehm back?? Cancel all you like, cash in pocket, done deal - still waiting for that link BTW 😉