Money orders are a form of payment you can use in lieu of cash or a check. Instances where you may want to use a money order includes:
- For Privacy: Because money orders do not contain personal information such as an account number, street address or phone number, you may want to pay with it instead of a check.
- Easy to trace: It’s often better to pay with money orders than cash because they can be traced back to the payer.
- Inexpensive: You can get money orders without having a bank account and they don’t cost much.