Need to cancel a money order beware

[CheapPinz]

I recently purchased and lost a money order, requiring me to go through the process of cancelling it and getting my money back. In hindsight I've learned that a USPS money order has a hold for something crazy like 6months while they determine if the MO has been cashed or not. I think waiting even a week for a MO you know is destroyed is too long, so if anyone plans on buying a secure payment for any purchases, check the policy before you hand over your dough. Moneygram and even a gas station money order can be cancelled out on sight but the postal ones take forever!

 

[zedhed]

Good info Cheapy. One thing tho, moneygrams have been involved in countless scams, just FYI to everybody.

 

[cuthroat]

Good to know...I have always used Western Union.

 

[rambleon]

WU has always been my preferred method as well. Expensive but no bullshit. Half aa year sounds like a ripoff of the interest on the money from all such orders more like anything else.

 

[Para_Shoot]

Strange.. I got in trouble here and suspended for a day just for spelling the word Wxxxxxx Uxxxx. Sometimes I just don't get it..

 

[bren565]

good info i made an money order to a bodybuilding site as well, BECAREFUL AS ONCE YOU MAKE TH EMONEY ORDER EVEN CANCELLED SOME THAT ARE GARAUNTEED HOLD VALUE!!!!:

waht does this mean?: it means your money order even tho you got you 100$ back... is still worth its intrisic value of 100$. meaning if cashed, you owe the bank that 100$ WOW WHAT HORSHIT.

 

[unfcknblvble]

Yep this actually happened to me for $150