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Does 7/11 Do Money Orders?

Table of Contents





Crypto News


DOES 7/11 DO MONEY ORDERS?

UTED

MN

By TheBitTimes

Created 6 days ago, last updated 1 day ago
•
8 mins read


TABLE OF CONTENTS

 * What are Money Orders?
 * Where to Find Them?
 * Does 7/11 Do Money Orders?
 * Things to Remember

Over the last several years, the prominence and usage of money orders have been
on a stark decline. However, they still stand out as a prominent payment method
for people who are seeking more specificity than cash provides, with greater
security than traditional checks. So, let’s delve into the payment method, and
more specifically, answer if a popular convenience store, 7/11 does money
orders.

The overall finance sector has seemingly been inundated with technology and
progression. Although this is certainly a net positive, especially in the realm
and development of digital assets, it can overshadow some tried and true payment
methods. Among them, is the money order, which has fallen out of favor recently.

Moreover, 7/11 remains one of the most popular convenience stores in the United
States. The store offers a host of options depending on the needs of a variety
of consumers. Whether they need to fill up the tank of their automobile or are
looking for a fresh snack, the store has provided all of those accommodations to
its consumer base.



However, let’s delve into its financial offerings a little bit more.
Specifically, let’s uncover if 7/11 does money orders.

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WHAT ARE MONEY ORDERS?



Also Read: How Long Do Money Orders Last?

Before we explore whether or not the 7/11 convenience stores do money orders,
let’s first delve a bit further into the actual payment method. Indeed, a money
order bears a lot of similarities to traditional checks. However, they are also
very different. Subsequently, they deserve some explanation of their operations,
benefits, and hindrances.

Specifically, these orders are certificates that are pre-paid with the intended
amount. Therefore, these payment options are a lot like checks, except the
amount specified has already been paid. This means that money orders, unlike
checks are not prone to bouncing. However, it also allows an amount to be
granted to one specific person, which is more specific than just using cash.

These kinds of orders are crucial for big purchases or payments to an entity
that does not accept credit cards or personal checks. Additionally, these money
orders allow a lot of privacy regarding your checking account information.

This kind of security and privacy is also implemented in how you access a money
order. Most personal checks can be given fairly easily, with many people having
access to a checkbook. Alternatively, these orders can only be issued to you for
the specific payment that you intended.



Moreover, this issuing of the money order is another reason why it is so
important to understand how to access one. Additionally, it is beneficial to
know where you can purchase a money order, or where you can cash one.


WHERE TO FIND THEM?


Source: Pymnts.com

Also Read: Can You Mobile Deposit a Money Order?

Now, before we delve into 7/11 specifically, let’s explore some common places
that you can use to obtain orders. First, and perhaps the most popular option,
is your local post office. Indeed, this option is best if you need to mail your
money order, adding to overall convenience.



There are over 30,000 post offices throughout the United States, which adds to
the overall convenience. Moreover, when you do purchase a money order from a
post office, you can buy them for a limit of $1,000. Additionally, you will be
charged a $2 processing fee for any money order that exceeds $500.

Additionally, you are likely able to find money orders at your specific bank or
credit union. These institutions should have these available to clients, and
would only require you to inquire to the specific bank or branch about the
possibility. However, it is important to mention that these financial entities
will often charge a bit more when it comes to processing these money orders.
Therefore, it may be beneficial to opt for a different issuer before seeking
them out at your bank.

Finally, a popular place to purchase money orders is different retail or
convenience stores. Indeed, firms like Western Union partner with a plethora of
retail locations for this specific purpose. These include grocery stores like
Kroger and retail locations like Walmart. So, let’s break down whether or not
7/11 is also included on that list.


DOES 7/11 DO MONEY ORDERS?


Source: Facts.Net

Also Read: Does Rite Aid Do Money Orders?

Boasting more than 8,500 locations across the country, it is important to know
that 7/11 does accept money orders. Indeed, the company itself lists the payment
method on the financial services portion of its website. There, it breaks down
all of its financial services options, with money orders being listed.

Specifically, the company states that money orders are “safer than cash and
simpler than checks,” when discussing the offering. Additionally, they note that
the option is a fast and convenient way to spend money. Moreover, they inform
prospective customers that they are required to use cash or a debit card to
purchase the option from one of their thousands of locations.

Interstingly, 7/11 remains one of the most popular options when it comes to
purchasing money orders. Specifically, they have an array of locations
throughout various regions in the country. Most US consumers won’t be able to
travel far through their local town or city without encountering a 7/11.

Additionally, a money order at one of their locations will only cost you around
1-3% of the total amount. However, this is also highly influenced by the overall
location fo the store that you are presently in. These money orders also feature
a minimum fee of $0.65. Moreover, the maximum money order amount available at
one of the convenience stores is $500.

The purchase of these orders at the popular convenience store is due to its
collaboration with both MoneyGram and Western Union. Depending on the location,
the store works with these financial entities to offer financial services.


THINGS TO REMEMBER



Also Read: Does Dollar General Do Money Orders?

Now, it is also important to remember some things when cashing or purchasing
your money orders. Firstly, different fees are incurred for every location that
you purchase an order from. These things often vary depending on the location,
and it is worth doing research before ordering them from one specific bank,
retail store, or post office.

Additionally, money orders are required to pay for a money order with either
cash or a debit card. Specifically, you are unable to purchase the order with a
credit card because of the prepaid aspect of the order. These money orders are
required to be paid in full, and they require funds to have purchased them
before the order can be issued and granted to the eventual recipient.

 * money orders

Source: https://thebittimes.com/does-7-11-do-money-orders-tbt72857.html
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