Find out how RealPage eMoney Order rescues money and time lost to rent collection.

Reduced Risk

When you buy a money order, you should receive a receipt with the order details. To track the transaction, you’ll need to provide the money order number and the order amount. Be sure to take a photo or make a copy of the money order so you can have the information available if you need to track it.

eMoney Order, an Electronic Money Order by RealPage takes away the risk of having cash and paper money orders on hand which can be costly and sometimes too hard for some people to resist. Paper money orders can be lost, stolen or altered, which can lead to fraud and lost collections for your property. RealPage eMoney orders can help. RealPage eMoney Order lets your residents purchase an electronic money order at thousands of retail locations. So both you and your residents don’t have to worry about fraud or theft associated with paper items.

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How to cancel money orders from Western Union. If you have your receipt for a Western Union money order, on the back you’ll find a tracing or refund request. Fill it in and mail it to the listed address. You also will have to send a nonrefundable $15 fee alongside the completed form. The process can take up to 30 days.
United States Postal Service. You’ll be happy to know that your local U.S. Government post office, USPS, will sell you money orders as well. With over 30,800 post office retail locations in the United States, there’s bound to be one near you. Fee: $1.30 per money order up to $500, $1.75 for money orders over $500.

Convenience

It’s incredibly easy; your residents pick up a payment coupon associated with their unit’s account from your leasing office or they can print one from your resident portal. With more than 30,000 eMoney Order supported retail locations to choose from, residents can find the nearest and most convenient retailer here, or by going to the resident portal. Then they just present the coupon with the cash to complete their payment. The payment is electronically sent and immediately posted to the resident’s ledger. Take away the temptation and put an end to lost, stolen or altered eMoney orders.

eMoney Benefits You & Your Residents

Receive collections sooner.
Reduce fraud.
Save time.
Improve resident satisfaction.

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Postal money order, Duchy of Brunswick, 1867.

A specimen money order of Italy c. 1879.

A money order is a payment order for a pre-specified amount of money. As it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a cheque.

The money order system was established by a private firm in Great Britain in 1792 and was expensive and not very successful. Around 1836 it was sold to another private firm which lowered the fees, significantly increasing the popularity and usage of the system. The Post Office noted the success and profitability, and it took over the system in 1838. Fees were further reduced and usage increased further, making the money order system reasonably profitable. The only draw-back was the need to send an advance to the paying post office before payment could be tendered to the recipient of the order. This drawback was likely the primary incentive for establishment of the Postal Order System on 1 January 1881.^[1]

Usage[edit]

A money order is purchased for the amount desired. In this way it is similar to a certified cheque. The main difference is that money orders are usually limited in maximum face value to some specified figure (for example, the United States Postal Service limits domestic postal money orders to US$1,000.00 as of August 2017) while certified cheques are not. Money orders typically consist of two portions: the negotiable cheque for remittance to the payee (the receiver), and a receipt or stub that the customer retains for his/her records. The amount is printed by machine or checkwriter on both portions, and similar documentation, either as a third hard copy or in electronic form and retained at the issuer and agent locations.

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Drawbacks[edit]

Money orders have limited acceptance in the insurance and brokerage industry because of concerns over money laundering. Because of provisions within the USA PATRIOT Act and the Bank Secrecy Act, money orders have far more regulatory processing requirements than personal cheques, cashier's cheques, or certified cheques.

National[edit]

India[edit]

In India, a money order is a service provided by the Indian Postal Service. A payer who wants to send money to a payee pays the amount and a small commission at a post office and receives a receipt for the same. The amount is then delivered as cash to the payee after a few days by a postal employee, at the address specified by the payer. A receipt from the payee is collected and delivered back to the payer at his address. This is more reliable and safer than sending cash in the mail.

It is commonly used for transferring funds to a payee who is in a remote, rural area, where banks may not be conveniently accessible or where many people may not use a bank account at all. Money orders are the most economical way of sending money in India for small amounts.

United States[edit]

An international money order issued in Chicago for encashment in Germany

In the United States, money orders are typically sold by third parties such as the United States Postal Service, grocery stores, and convenience stores. Some financial service companies such as banks and credit unions may not charge for money orders to their clients. Money orders remain a trusted financial instrument. However, just because a particular business can issue a money order does not necessarily mean that they will cash them. The U.S. Postal Service issues money orders for a small charge at any location.

The United States Postal Service began selling money orders as an alternative to sending currency through the postal system in order to reduce post office robberies, an idea instituted by Montgomery Blair who was Postmaster-General 1861–1864.^[2] Money orders were later offered by many more vendors than just the postal service as a means to pay bills and send money internationally where there were not reliable banking or postal systems. Companies that now offer money orders include 7-11, QuikTrip, Cumberland Farms, Safeway, Western Union, MoneyGram, CVS, Wal-Mart, and 3T Solutions.^[3]

Obtaining a money order in the United States is simple, as they can be purchased at any post office, and are sold at many other locations.The US Postal Service's