Money Order With Credit Card

Transferring money to another entity, far or near, is not an alien thing for any of us. One of such easiest and safest methods of sending pre-specified money to various geographical locations, is known as 'money order'. Considering its impossibility of getting bounced, most of the people opt for money order, when it comes to selecting the best between money order and cashier's check. However, in the US, money orders were initially started for the convenience of the people who did not have bank accounts for such money transactions. Today, money orders are mainly used for money transactions specified for foreign countries and unknown parties. So how does one buy a money order with a credit card?' Let's find that out.

Uses of Money Orders

Before getting to know more about paying a money order with a credit card, let's get to know the benefits of buying money order. People who have newly opened bank account, take time to get a checkbook and there is no better option than money order for him, if he/she needs to send money in the meanwhile. As a matter of fact, personal checks are not useful in the foreign countries, and hence, a person must use the special international money orders for the same. Secondly, thing like bank holiday, time lag and national holidays can delay the process of cashing the check, which is not affordable for some important transaction affairs. Money order is also a good way to avoid forgery when doing money dealings with an unknown entity.

Can You Buy Money Order With Credit Card?

The basic answer to this question is NO. However, there are a few things to justify this fact as well. First of all, money orders are used as a secured and trusted mode of sending, receiving and sharing money. Since it is a mode of guarantee payment to a person, a person is assured of security of the money. If you use cash then there is a huge possibility for it of getting misused. Checks on the other hand, have their own limitations that we considered in the above part of the article. Hence, you need to use money orders.

There are certain beneficial as well as valid ways of buying a money order. You can buy money order from bank, post office, check-cashing businesses, western unions, convenience stores, customer service desks as well as the grocery stores. Depending on the place from where you are buying it, average cost you pay is somewhere around USD 1. You have to pay by cash, which means, you cannot buy or pay money orders with credit cards. However, you can buy money order with debit card. Unlike credit card, a debit card acts like a personal check and it doesn't function if you don't have money in your account.

If you want to buy a money order, the best thing that you can do is to draw advanced cash from your credit card and then buy money order. If you have your PIN, then you can use any ATM center and draw the money to buy money order. You can also get cash advance from the bank and hence buy a money order. In short, you can't buy a money order with a credit card.