Does Walmart do money orders? (Updated in 2022!)
Bills of exchange have been around for years. They are a convenient and quick way to pay.
But you can’t get a money order anywhere. Which makes us wonder, can you get a money order at Walmart? We looked into it and here’s what we found…
Does Walmart do money orders?
Walmart does include money orders as one of its financial services to customers. You can obtain an in-store money order from the Walmart Customer Service Desk or Walmart Money Service.
This article looks at Walmart money orders: what they are, why they are useful, and how to get them.
What is a Walmart money order?
A Walmart money order is a bank document or prepaid check. This is not a form of credit – when you buy one, you pay cash up front for the full amount of the money order plus a small fee.
Then, you need to fill in the transaction details on the money order.
The institution or company that provides the money order will then “back up” your money order amount (similar to how a bank backs up a check payment) to ensure that the recipient gets the amount due.
Because you’ve already exchanged cash for the money order, the money order is seen by some as a safer method of payment.
You also don’t have to worry about someone stealing and using it because to cash out you need to show a government ID.
Can I buy a money order with a credit card at Walmart?
Walmart does not accept credit cards as payment for money orders.
If you need to buy a money order you need to use cash or a debit card, once you have a Walmart money order it is as good as cash. This is why it is important to fill out the money order correctly as soon as it is received.
The reason credit cards are not useful for buying money orders is because the issuer (i.e. Walmart) prefers to have money on hand before they issue the money order.
Walmart cash order?
Walmart will honor money orders, but only for money orders that they issue themselves, which are MoneyGram money orders.
The fee for cashing money orders (and checks) of $1,000 or less is up to $4; for larger amounts, up to $8. You can get the amount in cash or deposit it into a Walmart MoneyCard. The initial purchase of these costs $1, but there is no charge for reloading subsequent amounts.
What are the advantages of a bill of exchange?
Money orders are cheap and easy to get—especially when all you have to do is head to your local Walmart.
Money orders are generally considered safer than checks because they are paid in advance and therefore cannot be refunded. They are also numbered so that they can be traced. That means more people are more willing to accept them.
If your money order is lost or stolen, you can cancel the order to prevent the funds from being released. You can then reissue the amount (as long as you still have a stub with the required information).
Money orders represent a more private transaction, and they are very convenient because you don’t need a bank account to get them.
Money orders are much cheaper than checks. The exact purchase amount varies at each Walmart store, but is usually no more than a dollar, which is a very reasonable fee.
If you don’t end up using or issuing your money order, you can return it (along with your receipt) and they will refund it. The bill of exchange needs to be intact and unaltered.
How do I get a money order from Walmart?
A Walmart customer service desk or money service center will help you purchase a money order. If the money order amount is larger, all you need is the money (and fees) you wish to send and a government photo ID.
$1,000 is Walmart’s maximum limit for a single money order, so if you need more, you’ll have to buy multiple orders.
Make sure to fill in the details of the person receiving the money order correctly. Spelling is important.The money order will be checked against the payee ID when cashed and the payee will always was asked for this ID.
You will receive a receipt at the end of the transaction, please store it carefully.
If there is a problem with your money order, MoneyGram Customer Service will ask for your receipt number.
Money orders are an easy and convenient alternative to digital payments and a safer alternative to cash and check payments.
They’re also cheap compared to other forms of monetary transactions, and they’re refundable if you don’t need them at all.
Remember to fill in the details correctly and file the receipt securely now.