Money orders can be a good payment method and are often considered a better and safer option than checks.
If you have a gift card, you might be wondering if you can use it to buy a money order. After all, gift cards are basically cash, right?
In today’s post, I’ll tell you if you can use a gift card to buy a money order and give you tips on how to do it.
Table of Contents
What is a money order?
A money order is like a check, but a more reliable form of payment.
This is because money orders are prepaid, i. H. they are only issued after the buyer has paid for them.
Just like a check, a money order is issued for a specific amount of money.
Why a money order?
There are several reasons why you should buy a money order.
- It’s a safe way to pay if you don’t have a bank account: If you don’t have a bank account and want to make a major purchase, it’s just not a good idea to carry a lot of cash.
- A money order is a much better option that allows you to keep your money safe.
- You will receive a receipt: This proves that you have paid the amount due. Money orders can’t bounce: When you want to cash a money order, you know it’s prepaid and won’t bounce like a check.
- They Offer More Privacy Than a Personal Check: When you’re paying someone or a business and don’t want to give out your personal information, money orders are a better choice than a personal check. Checks contain personal data. This is not the case with money orders, so your privacy is protected.
- You are protected against theft: money orders are considered a secure payment method. Because you put the recipient’s name on the money order, it’s difficult to steal your money. You can also send them by post.
How much does a money order cost?
The amount of a money order depends on where you receive it. You can usually get them for $1.50 or less.
Some stores sell money orders for a flat fee, others charge a percentage of the amount you want the money ordered for. Some stores also charge a higher amount for payment orders that exceed a certain nominal value. Some banks offer free money transfers, but most charge fees.
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Is it possible to buy a money order with a gift card?
It is not possible to purchase money orders with gift cards at most stores. Luckily, there are some stores that accept gift cards, but there are limitations.
You cannot buy a gift card for a business, e.g. for CVS or Rite Aid, to purchase a money order.
Instead, you can use a pin-based prepaid card with a MasterCard or VISA logo.
Examples of this can be:
- Vanilla Visa
- Green Dot
- net expenses
The money order issuer may be able to execute it as a direct debit.
To get a money order, you need to go to a point of sale and indicate who should receive the money. You must provide the name of the person or organization you wish to pay.
Typically, money orders have a maximum amount between $500 and $1,000. So if you need more money, you need to consider other payment options or buy more than one money order.
Some places require you to identify yourself to purchase a money order.
There are many places where you can buy them.
Unfortunately, as I mentioned before, it is not possible to pay with a gift card everywhere.
Most stores only accept regular cards.
However, some stores allow you to purchase a money order with a gift card.
Places where you can buy a money order with a gift card.
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Walmart is one of the best places to get a money order, as there are thousands of stores across the country. In fact, 90% of the population lives within 10 miles of a Walmart store!
Money orders can be purchased from Walmart at any Walmart Supercenter or Neighborhood Market at the Customer Service Desk or Money Services Center.
Here are the details:
- Commission: $0.88 maximum fee, but exact rates vary by location
- Maximum Amount: $1,000 maximum per money order
- Provider: MoneyGram
The USPS is another good place to get a money order as there are approximately 31,322 post offices in the US that are operated by the Postal Service. So chances are you have a post office near you.
Here are the details:
- Commission: $1.45 per money order up to $500 and $1.95 per money order between $500.01 and $1,000.
- Maximum amount: $1,000
- Vendor: uses its own money order brand.
Western Union isn’t just a place to send money abroad. The company also offers money transfers to a variety of agencies. There is a useful tool on the Western Union website that you can use to find places that sell money orders in your area.
You can enter your zip code, search, and then filter the results by payment instructions. Just click on “Money Order” in the filter area. The map will then update to show the locations of Western Union agents who sell money orders.
It’s important to note that you can only use a gift card at some Western Union agents that accept pin-based debit transactions.
The exact details of fees and limits vary from location to location. So call ahead and ask about fees, maximum amounts, and whether or not the store accepts gift cards as a form of payment.
Stores that do not accept gift cards for postal orders
There are of course many stores where you cannot buy postal orders with a gift card. This includes:
- 7 eleven
- family rate
- Fred Mayer
- Rite of Aid
- by Smith
If you have a gift card that is a prepaid card, e.g. For example, a Visa or MasterCard card, you may be able to use it to purchase a money order. This can be a great way to turn gift cards into cash.
It’s a good idea to call your Walmart, USPS, or Western Union location in advance to make sure they can purchase a money order with a gift card.
Can I add a gift card to the Cash app?
It is not possible to add a third-party gift card. This also means that you cannot transfer money from your Visa gift card to your Cash App account. On the other hand, you can add the card to your account as a funding source.
However, there are some government-issued prepaid cards that you can safely use at Cash App. In particular, you can transfer money from a government-backed prepaid card to your Cash App or make purchases using such cards, but you cannot send money from your Cash App to any prepaid card.
Any unsupported prepaid card added to the Cash App always generates an error message “The Cash App does not accept prepaid cards. Try connecting a different debit card”. If you have a government-issued prepaid card, you can add it to Cash App and use it as a payment method by following the steps below.
Cash App gift card scam
If someone claims to be able to help you transfer money from a prepaid or gift card to your Cash App wallet, run away. Why? Because it could be a Cash App gift card scam.
As we all know, scammers are always looking for new ways to trick people and the Cash App gift card scam is no exception.
Can I use a gift card to buy a money order?
Purchase a money order using your Visa gift card
To get a money order with your Visa gift card, simply go to any place that sells money orders, buy one, and pay for it with your gift card. What is that? There are a few places that sell money orders: banks and credit unions.
Can you use a gift card to buy a Walmart money order?
No. To buy a money order from a retailer, you must use cash or a debit card. Also, gift cards cannot be used to purchase money orders (see above), alcohol, tobacco, or lotteries at most retailers.
Can you buy a money order with a debit card?
Go to any post office. Bring cash, a debit card, or a traveler’s check. You cannot pay with a credit card. Complete the money order at the counter with a retail associate.
How do you buy a money order?
Money orders can be purchased from a bank, credit union, the US Post Office, or some supermarkets and grocery stores. To purchase and issue a money order, you will need the name of the person or entity receiving the money order, your address, an account number, if any, and your signature.
Can I transfer a gift card to cash?
Bottom line yes. You can easily convert gift cards into cash (or more desirable gift cards) on reputable sites like Raise and CardCash. Which site you choose will depend on the ease of selling and the type of gift card you own. While you won’t get full value, it’s still better than leaving a gift card unused.
Can I buy a money order online?
Money orders are now also available online, although they differ slightly from those you buy in person. First off, what is a money order? It is similar to a check, except that payment is guaranteed because someone has already paid for it with cash, a credit card, or a debit card.
Does Walmart convert gift cards to cash?
Walmart does not allow you to exchange or redeem your Walmart gift card for cash. However, you can exchange your Walmart gift card for cash or another gift card at various third-party websites. Some of these sites are Gameflip and CardCash.