Does FedEx sell money orders? (all you must know)
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A bill of exchange is a document usually issued by a government or bank. They allow recipients to receive cash on demand. Like a check, a money order enables the buyer to stop paying if they want.
Given their widespread use, people often look for places to buy and cash money orders. With that in mind, this article looks at whether FedEx sells money orders. If you’re curious, be sure to keep reading!
Will FedEx sell money orders in 2022?
As of 2022, FedEx does not sell or cash money orders, and the company does not provide any other currency services. Selling financial products, such as money orders, requires companies to comply with regulations set by the government. Because FedEx has been successful in the shipping industry, there is no benefit to adding unrelated services.
To learn more about FedEx and money orders, be sure to read this entire article!
Can I buy money orders at FedEx?
FedEx will not sell or cash money orders (or provide other monetary services) at any of its locations. Therefore, you should look elsewhere to buy and cash money orders.
That said, FedEx can deliver money orders for you, which is a good option if your money order needs to be delivered quickly (ie, faster than going through the postal service).
Why doesn’t FedEx sell money orders?
While FedEx doesn’t say why it doesn’t sell money orders, the logical explanation is that it doesn’t need or want to do so.
That said, selling financial instruments such as money orders comes with government-imposed rules and regulations that FedEx may not want to get involved in.
By not offering any of these services, FedEx avoids the hassle that comes with it.
What’s more, the time, money, and effort required to set up a money order service may not be worth it.
In addition, FedEx may struggle to break into the market compared to established players like USPS, Western Union, and MoneyGram, where competition is fierce.
Will FedEx sell money orders in the future?
Given all of the above constraints and challenges, it is unlikely that FedEx will offer money order services in the future.
Remember, FedEx is already a global leader in shipping and logistics.
Therefore, staying ahead in such a competitive field is challenging enough that there is no reason for FedEx to launch new products that are not related to shipping.
Can FedEx send money orders?
Yes, FedEx can ship money orders. In fact, money orders and checks are the only units of currency that can be sent securely over the FedEx network.
In fact, FedEx recommends against shipping coins, cash, banknotes, negotiable instruments equivalent to cash (e.g., endorsed stocks, bonds, cash letters), collectible coins, and stamps.
That said, if any of these items are lost in transit, FedEx will not be able to reimburse the lost money.
Usually, this is not a question of money orders or checks. In these cases, the issuer can cancel the payment in the event of theft or loss.
However, if you’re using FedEx to ship money orders, it’s best to use the FedEx Envelope, as it’s the smallest package FedEx offers and ships for as little as $10.80.
Also, another option is to include a money order with the FedEx package you’ve already sent.
Who else sells money orders?
Since you cannot buy or cash money orders at FedEx, you may be looking elsewhere to do so.
Fortunately, banks, convenience stores, post offices, and grocery stores are reliable places to buy money orders.
That said, to find a location near you, try searching for “money orders near me” on your preferred search engine.
To learn more, you can also read our posts on whether FedEx prints labels, whether FedEx does notarization, and whether you can ship lithium batteries to FedEx.
in conclusion
Logistics giant FedEx doesn’t, doesn’t and probably won’t sell money orders.
Also, while the company didn’t make a statement as to why it wasn’t, it’s likely that running a successful shipping business is enough in and of itself.
Also, while you can’t buy or cash money orders at FedEx, you can use the company’s expedited shipping service to ensure that money orders arrive as quickly as possible.
Finally, try searching for “money orders near me” on a search engine to find where to buy money orders.
