what does it mean to be paid in money order?
I am applying for a job, and I was told payment will be in money order. I'm not sure what that means.
- Anonymous1 decade agoBest Answer
Money orders are issued by banks and other places like the post office. Basically funds are given directly to the bank and money orders are guaranteed funds from the person issuing it, as long as they haven't placed a stop payment on it. It is pretty much like a check, only there are guaranteed funds. I have never heard of an employer paying with money orders though? They take at least 5 minutes to do one, much less for an entire payroll. Do they offer direct deposit? If so, I would consider doing that. It is far less of a hassle on your part.Source(s): I work for Bank of America
- HollieLv 41 decade ago
A money order is a payment order for a pre-specified amount of money. Because it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a personal check. Merchants welcome the extra security of a pre-paid money order instead of a personal check, which can bounce.
- 1 decade ago
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- Anonymous1 decade ago
If this is a "customer service rep" job that has you cashing money orders and forwarding money to someone, it's a scam.