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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
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.

Good Listening
leafs
414 posts
 
USPS is the best way to go.So what if you need eight money order at .75 cents each no big deal.
garfish OP
1,840 posts
 
Negative votes or not I appreciate the above posts. And Leafs, in this case I especially appreciate your rather direct response to my question.

The cost of Money Orders doesn't bother me, and I suppose I shouldn't bitch about occasionally making out several of them (if required?), but your buyer might? I would hope there would be more trust among members, but scumbags like Dssman go a long way toward dispelling that notion. Craig
sugarbrie
3,854 posts
 
I get unlimited free cashiers checks, free checking and a free safe deposit box for keeping $5K on deposit at Bank of America. A real cashiers check is secure because it is drawn on the bank's funds. The bank removes the money from the payer's account when the check is written. No money is your account, no cashiers check.
sean
6,231 posts
 
The REAL problem here is that it is TOO easy to duplicate almost ANY document nowadays. With the quality of "cheap" computer printers that are available, one could literally make copies that looked better than the originals. With this being the case, someone could get a low dollar cashiers check, scan it into the puter, alter the image via software and then print it on a similar grade of paper. Nobody would know what was going on until it didn't clear. Sean
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