Does Target Sell Money Orders? Suitable Alternatives
If you are paying for a service or selling an item online or in person, you might need to earn some money.
Whether it’s cash or money order that you’re after, there is a good chance that it will end up in the hands of Target.
But does Target sell money orders? It is a popular store that most people know about and has plenty of locations across the country.
If you plan on buying a money order to pay for services or traveling, you need to know the answer to this question.
Does Target Sell Money Orders?
No, Target does not sell money orders as of 2023.
Where Should I Buy Money Orders?
Buying a money order is pretty simple.
You can get one at any bank or credit union, the U.S. Postal Service, Western Union and MoneyGram locations, 7-Eleven, CVS Pharmacy, Kmart, Walmart, and other stores.
The best place to buy a money order is where you think you’ll need it most.
For example, buying groceries at 7-Eleven or buying gas at Kroger are good places to purchase money orders because they’re usually located near the registers.
If you need to mail something or pay bills online with your debit card or cashier’s check, then buying one at the post office might be your best bet.
Some banks and credit unions offer free money orders for certain services such as checking or savings accounts.
Read our below articles to learn more about money orders at other stores:
- Does Walmart Sell Money Orders in 2023? (Fee & Limits)
- How Much Can You Get a Money Order for at 7 11?
- What Time Does Publix Sell Money Orders?
How Do Money Orders Work?
Money orders are typically purchased at a retail store or bank. You’ll need to provide identification, such as a driver’s license or state-issued ID card.
You’ll also need cash or a debit card ready to pay the fee. Once you have your money order, it can be cashed at most banks and credit unions.
Some companies also allow you to purchase money orders using their mobile app or website. This makes it easier if you’re traveling and need cash in hand while away from home.
The fee varies by company and location but is usually around $1 per purchase order and may vary.
Costs vary according to the denomination of the money order, whether you purchase it in person or online through an application on your phone or computer.
What Is the Point of a Money Order?
If you’re wondering what the point of a money order is, here are some reasons why you might want to use one:
- It’s safer than cash. Cash is easily lost or stolen, but money orders come with tracking numbers so you can be sure they arrive at their destination safely.
- It’s more convenient than cash. If you have to pay in person and don’t have time to wait in line at the bank, it’s much easier to buy a money order than to make a change and carry a wad of bills all day.
- It costs less than sending a check through the mail; however, it’s more expensive than sending cash through the mail because you must pay for shipping costs on top of the cost of the money order itself.
- No risk of bounced checks or account overdraft fees; however, there’s no guarantee that the recipient will receive your payment on time or in full
Can I Cash My Money Order?
Yes, you can cash the Money Order.
If you have a money order you want to cash in, there are several options for finding a location near you.
You can search for a place by state or zip code on the USPS website or use the USPS mobile app to find the nearest location.
Money orders are also accepted at most banks and credit unions. These locations usually charge a fee for cashing them, so ask about the cost before making your deposit.
Some banks also require identification when cashing a check or money order, so be prepared with your driver’s license or another form of ID if necessary.
How Do You Pay With Money Order?
The process of paying with a money order is straightforward.
To use one, the recipient cashes it at the bank.
- If you’re paying for something online or in-person with a cashier’s money order, make sure your payment is received before you complete your service.
- In these situations, it’s up to you to ensure that the payment has been processed — not when the funds are available in someone else’s account. But when their bank has deposited them into yours.
What Are the Disadvantages of Money Order?
Money orders are considered a safe way of sending money, but they have some drawbacks.
Here are the top 5 disadvantages of money order:
- Money orders are expensive.
- Money orders take time to process.
- You can’t cancel a money order once you’ve purchased it.
- Getting your money back is hard if your recipient doesn’t claim it.
- They may be harder to cash than checks.
How Do You Pay for Money Orders?
USPS claims that cash or a traveler’s check are all acceptable forms of payment. You will not be able to pay with a credit card.
Fill out the money order at the counter with the help of a counter representative. Pay the face value of the money order plus the issuing fee.
For example, if you want to purchase a $100 money order, you must pay $101.25 plus tax (if applicable). The cost of filling out the form is included in this total amount.
How Do You Cancel a Money Order?
If you have a money order that you need to cancel, the best way is to contact the issuer (the company where you bought it) and ask for a cancellation.
You can find their contact information on the back of the money order itself. Once they cancel, they will give you a receipt showing that they’ve canceled your order.
The fee for canceling the money order is different for different companies. MoneyGram charges $18, while U.S. Postal Service charges $6.25.
Can You Track a Money Order Online?
Yes, you can track the Money Order. The U.S. Postal Service (USPS) keeps track of all money orders issued by the service and allows you to check their status online.
To check the status of a money order, head to USPS.com and log in with your username and password.
After that, click on “Track a Package” and select “Money Order” from the drop-down menu at the top of the page.
You’ll see a list of money orders processed chronologically with their assigned tracking numbers next to each one.
Summing Up!
While Target is a popular retail store nationwide, it does not offer money order services.
However, plenty of other options are available to purchase money orders, including banks, credit unions, and various retail stores like 7-Eleven and Walmart.
Money orders provide a safe and convenient way to pay for services or goods, especially when cash is not an option. Although they come with a fee, the security and tracking they provide are worth the cost.
As with any financial transaction, it is essential to understand the advantages and disadvantages of using money orders and choose the option that best suits your needs.
I'm Annie Rondeau, a writer and content creator for QueryBoomer, where I specialize in providing insightful reviews about brands, stores, products, and retailers. Whether you're searching for information on the latest trends, products, or companies, my articles are the go-to resource for accurate and reliable information. I hope you find my content helpful in your quest for information about brands and products.
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