Postal Money Order versus Bank Money Order ???

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

because you can cash them at the p.o./
they are considered like cash and if you put them in the bank they clear immidatley or the next day
also govt. guaranteed