Somebody once paid me with a USPS money order (around $800).
I took it to my bank - and it was rejected. Why? Too easy to counterfeit, so bank policy was no USPS money orders.
I went to other banks, check cashing places, grocery store check cashing service...NONE of them would accept it.
So, I spent 3 days of my life calling the post offices in town and waiting for a drawer to accumulate at least $800.
What did I learn from this? The USPS is a large organization that suffers from huge inertia, and is apparently unable to keep up with the times, with the security of something as simple as a money order.
And they want to open a bit coin exchange....
Run away.
Wow, thanks for sharing. I had no idea.
Sounds like good advice for... YOU!
I went to other banks, check cashing places, grocery store check cashing service...NONE of them would accept it.
Money orders are what they are. Try cashing a Western Union money order in a place that doesn't have a Western Union sign out front: banks and post offices included. It's not a particularly effective argument.
Would the bank let you deposit it in your account and wait till it cleared before you got the money?