On 2/11/05 6:12 PM, "Max Wellhouse" <maxjoyce@IPA.NET> wrote:

> I just got word that a $750  US Postal MO I cashed a month ago at my local
> credit union was a forgery and yes, they pulled it out of our account.  Was
> wondering if I had cashed it at the Post Office, would the same have been
> true?.  Good news is that they didn't get the goods.  Anybody that lives
> near Elsberry MO, I've got a large sack of dog exhaust I'd like to you put
> on their doorstep.  If I was to ship it frozen, maybe it would "ripen" by
> the time it got there.
> 
> DM&FS
> 
> At 12:56 PM 2/11/2005, Chuck Reisinger wrote:
>> Sooooooooo....are MO's a good way to pay for goods and services....?
>> 
>> Cheers
>> Chuck
> 
> 
That is the danger of money orders. I found that money orders can take
several weeks to clear.  On one MO I had waited two weeks and was ready to
ship and the computer told me the address was not good.  Sent an email out
for better address and while I was waiting for the return message I got the
email from the bank that the MO was a cancelled deposit.  The mail hard copy
didn�t get to me for several more days.  If you stick a MO in the bank and
ship the product is gone and you get stuck for the bounce fees.  After a 2nd
forged money order and about 50 bucks in fees I no longer accept then at
all.  Besides customers werent happy when I told them 30 days to clear a MO
and 10 business days to clear a check.

Note that echecks can take 3 to 5 business days to clear as well.  Wait for
the confirmation of clearance before you ship.  Paypal always notifies with
a warning that an echeck was received but not cleared.  Then follows up with
a cleared note.

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jimt
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