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Ill spell it out for the feeble.
You dont call up and ask if they take Visa gift cards for  a money order.
You dont call up and ask if they take Mastercard gc for a MO
You dont flippin call!


You go into a store and ask for an MO and she says ok its, XXX.XX say no p, take out your debit card and swipe. If the rep says no debits then apologize and leave. If she says lemme see that is that a gc say NO ITS A DEBIT. if she asks wheres your name you say (among many other options to think of) the permanent one is on the way and im using the temp one until i receive it. If you need to swipe more than once, its ok to have multiple debits (for those who are lacking in common sense). But be nonchalant dont be in your face about it to the rep. Reps want to feel they're in charge, its natural for a minimum paid employees...




I think this should give the basics on how to get a MO if you find a place.... this is not rocket science. But it seems like it is to some.... Where to cash out GCs for MO:

Where                                       Which gift card                                   Fee                                     max MO amount                                   

Service desk @ Wal-Mart                  MVD,  Visa from Meta bank,                                  70 cents                                           $1000
                                                  chase (phased out)                                                                                      $1000   
                                                     
Rite Aid                                                                                                 $0.89                                          $500
       
"HaNesher HaGadol"                            One Vanilla                                 .52                                          $500 max     
meijer-69 cents up to $1000-most stores
NOTES:
MVD charges 50 cents per transaction so ask for MO of card amount- (fee+ 50 cents) eg @WM ask for 498.80 on MO (or cover $1.20 some other way)
« Last edited by bb1836 on June 04, 2015, 06:22:46 PM »

Author Topic: Money Orders (USPS RIP 11/3/17)  (Read 312140 times)

Offline noturbizniss

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Re: Money Orders
« Reply #1160 on: January 16, 2017, 07:06:18 AM »
tens of thousands
Me too. 2k here. 3k a few months later.2k a few months after that.
READ THE DARN WIKI!!!!

Chuck Norris...
...can still do FT method
...READS THE WIKI!!!

Offline ExGingi

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Re: Money Orders
« Reply #1161 on: January 16, 2017, 07:53:22 AM »
I swim in the Hudson River for health reasons, so I guess everyone should too!
You should try the Gowanus canal :)
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: Money Orders
« Reply #1162 on: January 16, 2017, 09:50:58 AM »
Tens of thousands of individual MO's?  Or tens of thousands of dollars worth of MO's?
that

Offline JTZ

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Re: Money Orders
« Reply #1163 on: January 16, 2017, 10:01:32 AM »
that
It is no longer a question of if but when the shutdown will happen.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Online chinagel

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Re: Money Orders
« Reply #1164 on: January 16, 2017, 10:03:40 AM »
It is no longer a question of if but when the shutdown will happen.
this was well over a year ago

Offline 12HRS

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Re: Money Orders
« Reply #1165 on: January 22, 2017, 01:14:45 AM »
anyone ever open a business account to deposit MOs?

Offline JTZ

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Re: Money Orders
« Reply #1166 on: January 22, 2017, 07:50:13 AM »
anyone ever open a business account to deposit MOs?
Would that be asking for IRS problems?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline 12HRS

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Re: Money Orders
« Reply #1167 on: January 22, 2017, 08:24:35 AM »
Would that be asking for IRS problems?

if i could find a bank to let me do the volume I'm trying to do, i would definitely be reporting my income to the irs

Offline ExGingi

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Re: Money Orders
« Reply #1168 on: January 22, 2017, 08:46:54 AM »
if i could find a bank to let me do the volume I'm trying to do, i would definitely be reporting my income to the irs
Are you intending to make all (or most) of your deposits in the form of money orders?

If yes, I would say any bank will have some questions for you that they will want satisfactorily answered before allowing it.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline 12HRS

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Re: Money Orders
« Reply #1169 on: January 22, 2017, 08:53:33 AM »
Are you intending to make all (or most) of your deposits in the form of money orders?

If yes, I would say any bank will have some questions for you that they will want satisfactorily answered before allowing it.

yea..i have no problem showing them the reciepts/cc statements etc and explaining the MS. Still most banks are nervous with new accounts even with the explanation. just trying to figure out the fastest way to ramp up to large amounts of MOs without being shutdown.

Offline ExGingi

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Re: Money Orders
« Reply #1170 on: January 22, 2017, 08:57:36 AM »
yea..i have no problem showing them the reciepts/cc statements etc and explaining the MS. Still most banks are nervous with new accounts even with the explanation. just trying to figure out the fastest way to ramp up to large amounts of MOs without being shutdown.
Think of it from the bank's perspective. What's in it for them? If this is all you are doing with them you are too big of a liability, so you better be very profitable for them.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline JTZ

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Re: Money Orders
« Reply #1171 on: January 22, 2017, 09:12:17 AM »
Think of it from the bank's perspective. What's in it for them? If this is all you are doing with them you are too big of a liability, so you better be very profitable for them.
IMHO being profitable for them is not going to matter. They will either allow it or they won't.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline 12HRS

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Re: Money Orders
« Reply #1172 on: January 22, 2017, 09:25:43 AM »
Think of it from the bank's perspective. What's in it for them? If this is all you are doing with them you are too big of a liability, so you better be very profitable for them.

I had that thought. but I have no problem building up my balances in the bank that lets me run lots of MO though them.

I was just wondering if using a business account would potentially allow for more wiggle room as they are used to larger amounts moving through on a continual basis.

Offline A3

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Re: Money Orders
« Reply #1173 on: January 22, 2017, 09:29:09 AM »
I had no issues opening a business bank account and depositing only MO for a couple years (Till I moved away).
Used to get MO at the local supermarket, go to the bank inside the supermarket and deposit them. One stop shop.

Offline 12HRS

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Re: Money Orders
« Reply #1174 on: January 22, 2017, 09:30:53 AM »
I had no issues opening a business bank account and depositing only MO for a couple years (Till I moved away).
Used to get MO at the local supermarket, go to the bank inside the supermarket and deposit them. One stop shop.

what bank?
how fast did you ramp up with them?
how much in MOs?

Offline A3

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Re: Money Orders
« Reply #1175 on: January 22, 2017, 09:52:00 AM »
what bank?
how fast did you ramp up with them?
how much in MOs?
Peoples,
Maybe they first two weeks were slow due to standard precautions... Don't recall. After that... Idk not to much. Maybe 75 a month.

Offline ExGingi

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Re: Money Orders
« Reply #1176 on: January 22, 2017, 10:04:59 AM »
I had no issues opening a business bank account and depositing only MO for a couple years (Till I moved away).
Used to get MO at the local supermarket, go to the bank inside the supermarket and deposit them. One stop shop.
When was this?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Amusch

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Re: Money Orders
« Reply #1177 on: January 27, 2017, 11:34:47 AM »
If a bank shuts you down for MOs, can you lose money, or just your acct, future relationship with bank, etc?
In other words, is there a serious risk in depositing them to a new acct or worst case they shut you down and you both go on your ways.

Offline JTZ

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Re: Money Orders
« Reply #1178 on: January 27, 2017, 11:35:51 AM »
If a bank shuts you down for MOs, can you lose money, or just your acct, future relationship with bank, etc?
In other words, is there a serious risk in depositing them to a new acct or worst case they shut you down and you both go on your ways.
Have not seen any risk to the MO's.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline shulem92

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Re: Money Orders
« Reply #1179 on: January 27, 2017, 11:54:41 AM »
If a bank shuts you down for MOs, can you lose money, or just your acct, future relationship with bank, etc?
In other words, is there a serious risk in depositing them to a new acct or worst case they shut you down and you both go on your ways.
No. Yes. Wait 6 months and you can start over