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Maximum USPS Money Order is 700.

In the Fraud-Dssman thread (great BTW), just about everyone recommends using USPS Money Orders to do i-net business. I just got off the 'phone with the USPS, and the maximum amount the USPS will write a M.O. for is $700., so on a $5K deal you (the buyer) would need eight M.O.s Is this a reasonable or practical way to do business? I say no, and that's where Cashier's Checks come in, ie for higher dollar purchases.

For smaller purchases needing only one or two M.O.s, they are just fine, but realistically, how many of us want to make out a bunch? Comments?

Interestingly, on two of the most expensive components I've purchased, the seller said a personal check (not a cashier's check) would be just fine, and that is what I used. This was after telephone conversations.

Also, apparently some people do not know what a "cashier's check" is. On at least three occasions (when selling), I've specified M.O. or cashier's check, only to have a personal check show up. In all cases the checks were good. Any comments? Craig
garfish

Showing 1 response by stealth93es

stealth93es
64 posts
 
This one is a "no brainier”!
Just restrict your purchases to $700.
I am sure lots of spouses would just love that!

On a more serious note. US Postal Money Orders are about the safest thing you can get besides cash. Even cash can be wet with green ink. Multiple Money orders is still very cost effective. I would guess most sellers would share in the expense.

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