-UPS Store Money Order 2022-
Money orders are an excellent way to keep your extra spending money safe while traveling abroad, and they are simple to exchange for cash. So, does UPS sell or cash orders, and what information do you require about this service? Continue reading if you want to learn more about UPS store money order 2022.
What is a Money Order?
A money order is a paper document with monetary value. Money orders work in the same way as personal checks, but it does not link them to your bank account.
They are prepaid checks written to a payee to ensure that the funds are available. Money orders frequently have monetary limits, such as $500 or $1,000.
Does UPS Sell or Cash Money Orders In 2022?
UPS does not sell or cash money orders 2022. This is because UPS is a logistics and shipping company, and it provides some financial services.
It is not a bank, or financial institution required to provide money order services. Grocery stores like Walmart, banks, corner stores like Walgreens, and the post office are all common places to sell or cash orders.
If you’re looking to buy or sell a money order for cash, keep reading to learn about the quickest and cheapest places that offer money order services!
Why Doesn’t UPS Sell or Cash Money Orders?
UPS does not sell or cash orders, because it is not a bank or financial institution. Most locations that provide money order services are banks/credit unions or money transfer agents, which are neutral.
Supermarkets like Walmart and convenience stores like Walgreens are common examples of money transfer agents. UPS is not a money transfer company or a bank or financial institution, so it does not need to sell or cash orders.
Another reason UPS does not provide money order services is that there is no real demand for it, and where there is no demand, there is no profit.
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More Information on Why Doesn’t UPS Sell or Cash Money Orders?
Many businesses already provide money order services, so there isn’t much of a market gap that UPS could exploit to make a profit.
Finally, dealing in money orders typically causes a larger amount of cash to be available to the money transfer agent or financial institution.
This can pose security risks to UPS employees, especially since most UPS locations aren’t as secure as, say, a Bank of America.
What Services Does UPS Offer?
Customers cannot purchase money orders or cash from a UPS location, but they will be able to obtain the following services:
‣ Shipping & Mailing Supplies: The store may sell you supplies to pack and ship your items, or you can have your materials packed for shipping, either domestically or internationally.
‣ Business Services: Stores offer customers scanning, faxing, and copying services.
‣ Mailboxes: The UPS Store provides official street addresses for mailboxes and the ability to pick up goods on your behalf.
‣ Shredding: The UPS Store and Iron Mountain have teamed up to offer shredding services for all forms of paper in small and large amounts.
Has UPS Ever Offered Money Orders?
No. UPS never offered a money transfer service. They began as a shipping and delivery company and have had brilliant success there.
Over time, they offered a variety of services, but sending money orders was not one of them. They don’t appear to be creating them soon because they’re in a different company.
With such a hard trade in such a crowded market, it appears they made the correct decision to refuse money orders.
Some Money Order Providers
Money orders are available in a variety of locations. Moneygram, Western Union, USPS, Walmart, and a variety of other options are available for sending money.
You can also place an order with your bank. So you don’t have to be concerned about security when using bank money orders. They are available from the above credit unions and institutions.
Because they are a great substitute for cash and checks, many institutions offer to encrypt them. If you’re sending a large sum of money, you’ll almost certainly be asked for identification, so bring it with you when shopping.
What Stores Allow You to Cash Money Orders?
So, where can you buy or cash a money order if UPS does not provide money order services?
Money transfer agents or financial institutions are the most common places to cash or sell money orders. Here are a few locations where you can get your money orders filled:
- Wells Fargo
- Bank of America
- Citi Bank
- Regions Bank
- US Postal Service (i.e the post office)
- Rite Aid
If you’re looking specifically for a place to cash a money order, your best bet will always be either your personal bank or the place that issued the money order.
What is the Cheapest Place to Get a Money Order?
Which of the above money order locations is best for your budget? The cost of a money order varies depending on your location, the institution you’re at, and whether you’re a member of the institution, you’re at.
Kroger, for example, provides regular money order services for $0.88 without a Kroger card and $0.84 with a Kroger card.
Walgreens is another great example of how prices can vary. Some Walgreens locations offer money orders for $0.65, while others charge up to $1.
More Information on What is the Cheapest Place to Get a Money Order
Here are some places you can usually go to get a money order for less than $1:
- Publix: $0.89
- CVS: $0.99
- Kroger: $0.84- $0.88
- Meijer: $0.65
- Walgreens: $0.65- $1
- Rite Aid: $0.99
These figures vary depending on your location and the retailer in question. So, if you want to know for sure how much a money order will cost you, call the place you’re going first!
Where to do Money Orders for The Best Price?
A money order’s cost varies depending on your location, the organization you’re at, and whether you’re a member of that organization.
Money orders up to $500 cost $1.25, and orders between $500 and $1,000 cost $1.75, according to the USPS. At a retail bank, they can cost up to $5.
Walgreens is another good example of how prices vary. Some Walgreens locations offer money orders for $0.65, while others charge up to $1.
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So what’s UPS Store Money Order 2022? UPS does not sell or cash orders. UPS does not provide money order services because it is not a financial institution, there is little demand, and it may pose a security risk to employees.
However, there are many other places where you can sell or cash orders, such as grocery stores, banks, convenience stores, or other money transfer agents.
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