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How come there is a 10 day hold on check and money order payments?

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How come there is a 10 day hold on check and money order payments?

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Quite simply, checks and money orders can be reported lost, stolen, be fraudulent or have insufficient funds. Over the years, Directpage has had cashiers checks, certified checks, company checks, personal checks as well as money orders returned unpaid for various reasons. We hold orders for 10 business days from receipt of payment to protect our financial interests. In todays world of electronic commerce, most consumers and businesses have access to a credit or debit card which is more convenient and faster to use as well as offers protection and built in safeguards for both the consumer and the merchant. It’s your choice how you would like to pay. Just keep in mind that checks and money orders will delay your order by a minimum of 10 days from the time we receive payment. • I checked coverage for my zip code and it says there is no coverage available. If I choose regional or full regional coverage…will my pager work? In a word…No. If you choose regional, full regional or for that

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