![]() ![]() Image Credit: Walmart How Do You Cash Out a Money Order? Walmart accepts cash and debit cards for money orders. Western Union - Cash, debit card, or traveler’s check.Walgreens - Serviced by Western Union with cash, debit card, or traveler’s check. ![]() Post Office - Cash, debit card, or traveler’s check.Kroger - Serviced by Western Union with cash, debit card, or traveler’s check.Here’s a look at the payment methods accepted by several popular money order merchants: You’ll need to first take out a cash advance and pay for your money order with cash. No retailers allow you to purchase a money order with a credit card directly. Where Can You Get a Money Order With a Credit Card? There may also be a daily limit, such as $10,000 for the USPS. If you were hoping to send $5,000, you would need to get 5 money orders processed, resulting in $12 in fees. For example, with USPS, $1,000 is the maximum allowed, per order. You don’t need to wait until your statement date to pay! What Is the Limit for Money Orders? Since interest starts accruing immediately when you take out a cash advance, be sure to pay off your cash advance as quickly as possible to avoid accruing high interest fees. Cash advances can be costly, so we encourage you to read up more on the fees you’ll get charged when you get a cash advance in our detailed article. Once you have the cash, you’ll be able to pay for the money order. To use your credit card for a money order, you’ll need to get money from your credit card in the form of a cash advance. Western Union and 7-Eleven used to allow money order purchases with credit cards, but don’t any longer. There isn’t a direct way to purchase a money order with a credit card. How Do You Purchase a Money Order With a Credit Card? You will give the location the amount you’d like to send via money order in addition to any fees associated with the transaction. Since personal checks and credit cards can bounce for insufficient funds, retailers don’t normally accept these options. This is normally done via cash or debit card. When you go to a location that offers money orders, you will need to provide the money upfront. Retailers also limit the money order to a maximum amount, so it might require multiple orders to complete your transfer. Fees will be higher if sending the money internationally. This varies by retailer but is usually between $1 to $3 per money order. The actual purchase of a money order costs money to process as well. If you use a credit card to get cash, you may be hit with fees from your credit card company to process a cash advance, which comes with a higher cash advance fee and APR. Also, you need cash on hand to purchase a money order. Consįirst, you’ll need to go in person to get a money order. You can cash money orders at a wide variety of locations and send them using foreign currency, making sending money to relatives internationally very simple. If a money order is lost or stolen, it can be replaced for a fee. Money orders also have tracking information, including when it was bought, the amount, and banking code. In addition, they are made out to a specific person or business, and a valid ID is required when they are cashed, so the risk of theft is low. You have to pay a money order in full when you purchase it, so money orders are not at risk of bouncing when cashed. Paying with a money order can be a great option if you don’t have a banking account or if you’re paying someone you don’t know. Money orders don’t include personal banking information, which is normally included on personal checks. Here are some things to consider before purchasing a money order. Money orders are often used when you need to send money internationally, want to pay someone you don’t know, or need a guaranteed way to make a payment. What Is a Money Order?Ī money order is a secure alternative to paying by cash or check. You can use your credit card to purchase a money order by getting a cash advance … but should you? We’ll tell you how to use your credit card to purchase a money order, what fees you might encounter, and give you some other great options to consider. But what if you don’t have the cash in your account and need to send your family member money or pay for something on Craigslist? You might be wondering if you can use your credit card to purchase a money order. Most money orders are purchased using cash or debit cards. ![]()
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