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How does a postal order work?

  • 26-08-2013 10:27pm
    #1
    happyviolet
    Closed Accounts Posts: 192 ✭✭


    Hi I am trying to buy an item off Adverts.ie and the seller says that she wants payment by postal order. I have heard of it before but I don't totally understand what it is since i have never done a postal order.

    I just want to know what you do, and do you have to give any personal details to the seller?


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,622 ✭✭✭✭coylemj


    A postal order is essentially a piece of paper you buy from the post office, its similar to a bank draft in that it doesn't depend (like a cheque) on the buyer having money in his/her account. The P.O. can be cashed in any post office. The maximum amount these days for a P.O. is €650.

    Unlike payment by Paypal or personal cheque, once you hand over a P.O. there's no way back so if you have any misgivings about the seller, I'd be careful. Sometimes when a seller states that only one form of payment is acceptable, it can be a warning sign. In most cases they will try to accommodate the buyer's preference or at least are prepared to negotiate a mutually acceptable method of payment.


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