Postal Money Order versus Bank Money Order ???

I for one am one of the audiogon'ers who politely request USPS money orders only( if payment by MO) for all these great reasons listed above. It's just safer and less risk for both parties, especially the guy who ships his $6,000 amplifier upon receipt of a MO. I usually like paypal better...but thats a whole nother thread!

I am somewhat of an infrequent seller/buyer. I typically request if I can purchase by personal check and agree to wait for my check to clear before seller ships the item. As a seller, I would MUCH prefer to wait until ANY payment type I receive has cleared before shipping the item. Is this standard proceedure? Or, is a MO assumed to be good and the items is shipped before it clears?

Just wondering,
Paul

depending on your bank, a bank money order is dangerous. it could take 2 weeks to put a stop payment on it so if it gets lost or stolen you may be out your funds. a money order is the same as cash and easily cashed if lost or stolen. a certified check or postal money order can have a stop payment put on it and it will be efective almost imediately. as i said it depends on your bank. it think a certified check is the way to go and send it registered mail same or next day service as well. hope this helps you.

Well the main difference I guess is you can cash Postal MO right at the PO.

Tom