Any Pro's and or Con's to depositing by Money Orders ?

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  • Rabbi
    SBR Hustler
    • 07-12-17
    • 86

    #1
    Any Pro's and or Con's to depositing by Money Orders ?
    Seen a couple of books im interested in playing at offering
    this as a deposit method. Was wondering if this could be a
    little better than doing it by P2P. Thanks in advance for any
    insights/advice on depositing with money orders.
  • Brock Landers
    SBR Aristocracy
    • 06-30-08
    • 45360

    #2
    Money orders never expire, USPS money orders as good as gold
    Comment
    • Thefix13
      SBR Wise Guy
      • 05-14-21
      • 664

      #3
      I would have to say that going to a bank/post office/check cashing place to purchase one, having to send it to some small country, needing to wait for them to "receive" it and apply the money to your account is certainly a con. Not to mention they will likely then make you use the same method to withdraw the money which always comes with an inflated fee on their side. I'm guessing $40 because they will have to make the same stop to the store. All in all you are wasting probably 2-3 weeks between the deposit and withdrawal at what advantage? This assuming that you get the *********** for free which will be dependent on your standing with a bank. Better than p2p via **? Maybe, but thats about the ONLY method you could say this is better than.
      Comment
      • TheMetsSuck
        SBR Hall of Famer
        • 01-14-12
        • 6149

        #4
        Used to do so many money g rams and western u nions. They give you 4 names and if u mess up a single thing it’s like pulling teeth. BTC only for me. I don’t miss those days at cvs or the grocery store reloading sending 1000 to Jose Luis Ramirez Gonzalez in San Jose Costa Rica lol
        Comment
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