Which is more risky? Accepting Pay Pal, credit card payments or money orders? February 23, 2010
Posted by Banking in : Credit , trackback
There is the risk of malware and spyware for credit card use online and unfortunately phony money order scams.
So people which do you think is more risky?
Aren’t you suppose to verify if the money order is authentic before cashing it?
Isn’t there a way it can be determined if it’s fake or real.
Money orders from banks and post offices are real. Just look at the water signs.
By: Golden Saffron Aqua Mornings
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I think OMG money orders for sure!!! Paypal will reimburse you if something goes wrong. NO ONE will help you if it is a fradulent money order.
I think Yes, you are supposed to verify money orders before cashing it.
That’s why you should ONLY accept MO from the trusted companies like USPS, MoneyGram or a major bank which have very distinct anti-couterfeit watermarks.
The downside to Money order is you have to give out your address.
PayPal is nice and instant, but it’s also a pain if you were paid from a stolen credit card. You can see if the sender is a “verified user” whether a buyer or a seller.
I personally prefer money orders because it’s already paid for, as long as it’s real.
All Three are Risky. Go with paypal or cold hard Cash
I think i believe they all are a risky choice,go with a personal debit from your checking account or if you can use your liquid cash,