Can a consumer buy a money order with a credit card?


Quick Answer

Fox Business reports that it is possible to buy a money order with a credit card. However, most vendors, such as the United States Postal Service, only accept cash or a debit card for the purchase of money orders.

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Full Answer

Consumers are ordinarily not allowed to purchase money orders with a credit card because of the high probability for fraud and because the consumer is borrowing money to pay for the money order, which is basically like cash, according to Fox Business. In the event that a consumer can use a credit card to purchase a money order, the credit card company may charge fees in excess of the normal interest rate, such as higher interest for a cash advance on the line of credit.

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