What is a Money Order Service?
A money order service is one that makes simple financial transactions, which include but are not limited to money orders. Other services may include wire transfer services and, at least in some areas, currency exchange as well. In many cases, a money order service will also offer check cashing services up to a certain amount. In most cases, there is a flat fee for a money order. Other money services, such as check cashing or wire transfer, may incur a fee based on the amount in the transaction, usually figured on a sliding scale or based on a percentage. The fee for a money order is usually less than $2 US Dollars (USD) and, in many locations, it is possible to find money order services for less than $1 USD. This makes it a very reasonable option for those who do not have checking accounts. Typically, payment is required at the time the service is rendered. However, in some cases, a money order service may also offer payday loans, which means there is the opportunity for a short-term l