7+ Easy Ways Can You Buy Money Order With Credit Card
7+ Easy Ways Can You Buy Money Order With Credit Card. You can buy a money order with either debit or credit card. However, it is not typically a wise decision to charge a money order because of the way the transaction is processed.
Money order credit card transactions are commonly processed as a cash advance. This can range from as low as $.80 all the way up to nearly $2 depending on the location. Just keep in mind that credit card companies consider the purchase of a money order to be the equivalent of a cash advance, so the transaction will trigger an expensive fee and a high interest rate will take.
However, It Is Not Typically A Wise Decision To Charge A Money Order Because Of The Way The Transaction Is Processed.
You can purchase a prepaid card with a credit card and use it to pay for items, bills, etc. Online payment using a credit card. Use online platforms like venmo or paypal to help you fund your credit card transfer, nationally, for about 3%.
You Can Buy A Money Order With Either Debit Or Credit Card.
Here are the reasons why: Can you buy a money order with a credit card? So, for a $100 money order, you'd pay $10, and on a $500 money order, you'd pay $25.
Your Bank Will Charge You A 3% To 5% Cash Advance Fee On Each Transaction.
Prepaid cards are another alternative to money orders. If you need to make a payment or send money, a money order could be a safer alternative to a personal check or cash. For international transfers, you can use revolut or transferwise.
This Limitation Is Because Most Money Order Issuers Want You To Provide The Money On Hand.
John s kiernan, managing editorapr 22, 2022. You can use a card or cash to buy money orders at the post office, walmart, or western union. While you could technically buy a money order with a credit card, the bottom line is that it might be too complicated and too costly.
Money Order Credit Card Transactions Are Commonly Processed As A Cash Advance.
That said, not all places will allow you to do so. If you get one from your credit card company, you can expect to pay a fee of about 5% or $10, whichever is greater. Some companies do allow you to use a credit card to purchase a money order.