Can I purchase a Western Union money order with a credit card?

Money orders can be a good option for those who don’t have a bank account. You can use a money order to securely send money to pay a bill and you can even send money internationally. Since money orders typically require that the payee present an ID before they can receive funds, money orders can often be a guaranteed way to make a payment. So, if you need to pay for something that is a bit more costly than the limit, you may have to take out multiple money orders.

How Much Does It Cost?

Cash advances are typically an expensive way to borrow because they come with hefty fees, and credit card companies charge high interest rates on those balances. They’re a good alternative to money orders, as these payments won’t be treated like cash advances. However, you’ll still want to be mindful of how automatic payments will increase your credit utilization ratio, and affect your credit score.

You Need to Send Money Securely

Typically, you can only use cash or a debit card to buy a money order. In the past, Western Union and 7-Eleven accepted credit card payments for money orders, but that’s no longer the case. A money order is a way to make secure payments with a paper check that isn’t tied to your checking account. People may use money orders if they don’t have a checking account, want to send money overseas or fear a check sent by mail will be lost or stolen. You might also use a money order when you don’t feel comfortable sharing your checking account or payment app data with an individual. Unlike a personal check, a money order includes no information that can lead to identity theft.

Can you use a credit card to buy a money order online?

United State Postal services offer International money orders up to $500 with an additional fee of $ 10.50. The money order limit in Chase Bank is $1000, and you can purchase one money order within 24 hours. If you need money orders of more than $1000, you have to inform the bank for further details. what is a purchase order United State Postal services charge a fee of $1.45 up to $500 for money orders, and for money orders from $500.1 – $1000 fee is $1.95.

Also, if you need more than $1,000, cashier’s checks can be made out for more than money orders. It’s best to cash money orders at the same company or entity they were bought from, such as Western Union, a MoneyGram desk, or the bank or credit union that issued it. Money orders reduce risk for recipient because their issuers demand the payment upfront, and so they shouldn’t bounce—as personal checks might. If you find an issuer that accepts credit cards for money order purchases, keep in mind that your credit card company may treat the money order purchase as a cash advance.

• To avoid potential scams or issues with your money order, it’s more secure to just purchase one in person and then keep your receipt until you’re sure it’s been delivered safely.
• They’re available at U.S. post offices, Walmart, Western Union, banks and other places.
• Next, let’s explore the potential risks and considerations involved in purchasing money orders with a credit card.
• This ratio is the amount of available credit you’re using compared to your total credit limit.
• Money orders are a popular method for securely sending money, whether it’s for paying bills, making purchases, or sending funds to family and friends.
• If you would like to send money to friends or family online instead, consider a money transfer app like Venmo or Square Cash (aka the Cash App).

They can also be used to send money to individuals who may not have a bank account or prefer not to receive cash. Instead, you can use a debit card or physical cash in order to purchase money orders at Walmart. That said, there are other money order providers that will allow you to use a credit card, which you may want to consider instead if this method of payment is a priority for you. A money order is a safe way to send money through the mail or to make payments to companies that have limited payment options.

When you cash a money order, you’ll be subject to Walmart’s check cashing fees. Both PayPal and Venmo allow you to transfer funds from your credit card to relatives, friends or other parties you’re doing business with. Usually, it’s best to cash a money order at the location the sender purchased it. But if the sender purchased it at a Walmart, you may want to go to a Walmart to cash it. Cashing a USPS money order at a USPS branch also tends to be free.

Some convenience stores and retailers, such as Walmart, may allow you to purchase money orders using a credit card. These Interior Design Bookkeeping establishments often have money order services available at their customer service or financial services counters. However, it’s advisable to check with your local store to confirm if credit card payments are accepted. Overall, money orders offer a secure and flexible method of making payments or sending money.

• CreditCards.com is an independent, advertising-supported comparison service.
• According to the Consumer Financial Protection Bureau, an ACH transfer allows you to electronically move money between bank accounts.
• However, keep in mind that your credit card issuer may charge a cash advance fee and a higher interest rate.
• However, online retailers might not accept them, instead requesting a money order or other payment method.
• If the money order goes missing or your plans change, you’ll likely need that receipt to have the money order canceled.
• While these places generally accept credit card payments for money orders, it’s always a good idea to contact them directly to verify their specific policies and fees.

You receive a receipt from the issuer when you purchase a money order. This receipt includes the serial number or money order number, the dollar amount and possibly the issuing location. You can use this information to track your money order online through the issuer’s website. The tracking information will tell you petty cash if the money order has been cashed or not.