The remitter on a money order is the person who purchases the order. For example, a person sending a payment in the mail who does not have checks may purchase a money order to make that payment. In doing so, that person is the remitter of the money order.Continue Reading
In addition to money orders, a remitter line is present on cashier's checks, teller checks and some traveler's checks. A merchant or seller who requests a remitter payment, meaning some form of payment other than cash or personal check, usually requests it to lower his or her risk. Remitter payments are guaranteed funds and almost never bounce.
There are many reasons a merchant or seller would request a remitter payment. As previously mentioned, merchants feel safer using remitter payments because they are guaranteed funds. This is usually preferable when doing business with strangers. For instance, an individual selling his or her car may wish for the person buying it to present guaranteed funds because the two parties have never conducted business together. Money orders and cashier's checks are also commonly used when sending money to prisoners. Other reasons include the fact that there are less forgeries of remitter payments than cash and personal checks, and these forms of payment do not cost the merchant or seller additional fees to cash.Learn more about Personal Banking
The biggest differences between a money order and a cashier's check are where they can be bought, how much money they represent and the guarantee for each. In most cases, a cashier's check is considered a more credible form of payment.Full Answer >
People can cash money orders at their banks or places where they have accounts, from the business that issued the money order, and from many grocery stores, convenience stores and check cashing stores. To minimize fees and get the money faster, the consumers' best bet is to go to their own banks or where they already have accounts, according to About.com.Full Answer >
According to MoneyGram, customers can track a MoneyGram order by calling the MoneyGram automated phone line at 1-800-542-3590 and entering the exact amount of the money order and the money order number. With this information, MoneyGram tells you whether or not the money order was cashed.Full Answer >
An Avista utility bill can be paid online, in person, by phone or through the mail using various forms of payment methods, such as credit card, debit card, checking or savings account, cash or money order. One-time payments and automatic payments can be set up through the customers bank.Full Answer >