I received a money order for an eBay payment. I do not want to sell to this buyer as I'm only accepting paypal. I want to return the money order. Will the sender be able to get his/her funds back if I send it back unprocessed/cashed?
A lot depends on where the sender purchased the money order. Most banks that we know have procedures to handle exactly this type of situation, as long as you haven't endorsed the money order yet. The only way to be certain is for you to let the purchaser know that you prefer to return the money order and have him or her check with the bank or other source of the money order to find out how to handle the matter.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
A lot depends on where the sender purchased the money order. Most banks that we know have procedures to handle exactly this type of situation, as long as you haven't endorsed the money order yet. The only way to be certain is for you to let the purchaser know that you prefer to return the money order and have him or her check with the bank or other source of the money order to find out how to handle the matter.
