Question
is a money order safe?
Hello everybody I'm selling a real vintage monkey fur coat via craigslist, and a lady emailed me saying she would pay me with a money order, because she is out of town and won't be back for a while. She also said she wants my full name, cell # and address to where the payment should be sent.
does this sound fishy? and are money orders safe? and what exactly is a money order since I'm 18 and stupid lol. Do I have to have a bank account to cash a money order?
Thank you:) The coats getting sold for $710 so there's quiet a bit of money at stake
Best Answer
Chosen by Asker
Tell her that you only accept USPS postal money orders--these can be verified on the spot at the post office, though for that much you must go just before losing so they'll have a chance to have the money in the till.
However, the "I'm out of town" excuse is not a good sign. I bet she sends you "more" on a fake money order than asks you to refund the excess via western union or to mail the coat sight unseen to her son in S. Africa.
Other Answers
Doesn't make sense..
A real money order is safe.
A money order is like a check that can be redeemed for its face value immediately. Whereas a check has to clear against the account of the issuing bank before you receive the money.
A bank account is not required to cash a money order. A bank may charge a fee to cash it, if you are not an account holder.
Have this person set up a Paypal account. Or do not deliver the coat until payment is received and cashed. Make the shipping cost separate from the coat cost.
