Thomas (WT-101) wrote:This I have learned through my experiences. I am not an endorser of Bank of America; just do all my banking there.
I have made purchases both through ads placed at QTH.COM and through eBay. If I am interested in an item, I immediately let the seller know that I pay with Bank of America money orders; period. If they take Paypal or USPS money orders only, I take my business elsewhere. On eBay, I email the seller, even if they state 'Paypal Only' and ask if they will accept a Bank of America money order. Two have accepted them; the others not.
I realize that we are in a credit card society, and for good reasons. I would use a credit card only in an emergency. Some merchants even ask for my S.S. number for verification on a personal check. This is NEVER a requirement and technically out-of-bounds. I immediately ask for the store manager. If they still demand my Social Security number just to cash a check, I give them a invisible middle-finger, leaving my items at the counter and walk out.
This is after presenting my photo ID (drivers license).
I have yet to experience a Bank of America money order refused; the exception being the above mentioned instances.
One recent buying experience from eBay proves a lot. A seller offered an item that I wanted to purchase. I informed the seller immediately that should I win the auctioned item, I would pay for the purchase with this form of payment.
The seller furnished his address without the street name. I sends the m.o. and a week and a half passed... the seller not receiving payment (and I not recieving the item). Before all this time elapsed, I stayed in touch with my bank branch which kept me informed through one phone call that the money order had not been cashed. After a week, I called and made the stop payment, which materialized within two hours. My account was credited for that amount within 24 hrs. I then purchased a 2nd money order and mailed that to the seller's complete address from his call sign. This was recieved and I in turn recieved my item.
Not to sound like a broken record; If the seller requires a USPS money order, I would become suspiciopus and take my business elsewhere. Some swear by Paypal, yet it seems that more and more are discovering the horrors of this system and it's many flaws. I refuse to become one of these.
Very satisfied with Bank of America,
Thomas (in Washington state)
PS: Did I mention that B of A's money orders are free of charge to it's customers?
n4avl wrote:Many people require USPS money orders because they are good as cash - any post office will cash them. Most banks will post as cash as well. That's why I accept only USPS money orders & I'm not a scammer.
K4ICL wrote:Trying to look at the issue, objectively, I have to ask:
Why would we have a business relationship with a person or firm when the relationship is so shakey that we fear losing our money by sending a USPS money order ("good as cash")?
If we need a back-out-of-the-deal-by-cancellation option, why do the deal with the person in the first place?
If we aren't able to trust the other party in a deal, wouldn't it be better to walk? Sometimes the deals we don't do are the best deals.
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