A money order was traditionally considered the most reliable means of remote payment, when remote payment was a sum of money physically sent through the mail. Nowadays, it is less popular, though still available as an option for sending small sums (often limited to a maximum of £1000), especially for individuals who do not have alternate means, such as a credit or debit card, or a current bank account. Money orders – printed out as paper check-like forms – may be purchased via institutions such as banks or post offices or by private companies, in various currencies for a relatively modest fee. You must then mail your money order to the appropriate merchant’s postal address. You are protected against theft and alteration of the money order because the payee name and the amount are usually machine printed on the form. Online money orders are also available but the sources offering them are sometimes sketchy and a maximum amount of £200 daily may be purchased.
US postal money orders are generally accepted in the following countries: Albania, Anguilla, Antigua and Barbuda, the Bahamas, Barbados, Belize, Bolivia, the British Virgin Islands, Canada, Cape Verde, Dominica, Dominican Republic, Ecuador, El Salvador (maximum £500), Grenada, Guinea, Guyana (maximum £500), Honduras, Jamaica, Japan, Mali, Mexico, Montserrat, Peru, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Sierra Leone, Trinidad and Tobago. For other types of money orders, check with the merchant before making your online purchase.
How Do Money Orders Work?
First you will need to verify that the casino of your choice will accept money orders as a form of payment. If so, find out the exact payee name and the postal address to which the order must be mailed. Although casino operators generally like the reliability of money orders, lately there have been some concerns about their use as a means of money laundering. One disadvantage of this method is that, although you must lay out the cash for your money order at the time of purchase, it may take quite a while for the form to be delivered to the casino by snail mail and thus crediting the payment to your casino account will be delayed. In addition, the relatively low maximum amount makes this method of casino payment impractical for high rollers, who tend to deal in much higher sums.
Advantages of Money Orders
Money orders are a very simple form of payment, great for players who do not have a credit or debit card or online banking, or who wish to remain relatively anonymous. They are safer to send through the mail than either cash or personal checks. The charge for purchase of a money order is low compared to other methods. You can use payment by money order as a means of limiting your casino spending.