money orders safe?

Discussion in 'Miscellaneous [BG]' started by basss, Mar 22, 2005.


  1. basss

    basss Supporting Member

    Aug 27, 2001
    NYC
    We've all heard about the fake money orders floating around. Are they safe to accept anymore? I have someone from the UK interested in buying a portable DAT recorder I have for sale. He wants to pay via money order. Can I check the authenticity of the money order at any bank?
     
  2. Selta

    Selta

    Feb 6, 2002
    Pacific Northwet
    Total fanboi of: Fractal Audio, AudiKinesis Cabs, Dingwall basses
    Just tell him you're going to wait for it to clear... take it to a tellar at your bank and cash/deposit it right there... wait a few days, check your account and make sure you have the funds, then send away... that's generally what I do if I feel it's awkward...

    Ray
     
  3. SoComSurfing

    SoComSurfing Mercedes Benz Superdome. S 127. R 22. S 12-13.

    Feb 15, 2002
    Mobile, Al
    The safest and easiest way from out of the country would be to have a wire transfer sent from his bank to yours. If you present a money order from outside of the states, your bank is probably not going to cash it, but take it for deposit only. In this case, there will be a hold placed on it, up to 11 business days, depending on the amount and your relationship with the bank.