oboloo Glossary

Money Order

oboloo Glossary

Money Order

A money order is a secure and convenient way to send money. It’s not the same as cash or a check— instead, it’s a prepaid financial instrument that can be used to make payments in lieu of cash or checks. Money orders are guaranteed when purchased up to their face value and can be used to pay bills or purchase goods and services from merchants who accept them. Money orders are generally safe, easy to use, and widely accepted.