How To Use Order Money

Introduction

"The money order system was first formally established in Great Britain in 1792, by a private company. It did not do very well, and in the mid-1830s the system was taken over by the post office. The trend caught on in the U.S. as a safe way to send money and as a guarantee that the money would be available."(1) Order-money or money order is used for various purposes. It depends on your intention and for what purpose you are using the money order. You can use it for making payments, paying bills, buying goods and other services. A money order can be used as an alternative for checks. When you wish to hide your personal information and, you can make use of a money-order. So, it is equally helpful to use in business instead of checks.

Step 1

You can buy or get a money order from the post office. It can also be bought from other places besides a post office. It is easily payable to any company you are working with, any organization you are on contract with or any specific person.

Step 2

The use of a money order is not difficult. Even a person using it for the first time can easily fill a money-order without any serious hurdles. There are no rigid steps to follow for this purpose. However, you must be careful while filling it. To use money-order one must buy it first. A space would be given to write a name of the person, company or any organization you intend to send the money-order to. This would help a service provider to send the order to the required person.

Step 3

At the front side of the money order the person who is sending the order, needs to sign his signature if a place is allotted for it. The word "signature" would highlight the place where you are supposed to sign. Remember do not even by mistake sign at the back of the money order. Write your name or any other information that would indicate the receiver as to who has sent this order to him. It serves the purpose of your identification to the receiver.

Step 4

You should also write your address under the heading of "purchaser's address" on your order-money. Remember, it must be the address of the person who is sending the order. If you are sending your money order to a company, then also write your account number with the company. It simply means that if you have any account with the companies you are working with, do write that account number if the place is given for it.

Step 5

The most important step to remember is that the one who sends the order-money must have a receipt of the money order with him. This would be helpful, if in any case the money order is lost or misplaced.

Tips

The validity of order-money will never create any problem for you, because there is no expiry date for it. You might be given some penalty for not using your order-money for a long time period, but it is not necessary. It is also easily replaceable if something goes wrong or if it is lost. So, it is easy to use and you must at least give it a try.

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