Why PMO for pistols?

Discussion in 'General Firearms & Ammo' started by kingofwylietx, Aug 14, 2008.

  1. kingofwylietx

    kingofwylietx Well-Known

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    Feb 29, 2008
    DFW area.....Wylie.
    What is the advantage of a postal money order vs certified check?

    I am wondering because I am selling my motorcycle and a guy is coming up this weekend with a certified check. It got me to wondering why everyone always asks for a postal money order for guns. I am guilty of doing this myself....and I don't even know the advantage of it!! I've bought used guns and sent a postal money order, no problem....I just don't know why we do it.

    Anybody know???
     


  2. JKTex

    JKTex Well-Known

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    DFW, North Texas
    I'm not sure of the fee's but a PO is easier to get but has fees associated and I think it's based on amount. I got a $20 POMO recently and the fee was $1.05.

    A certified check (bank check?) is usually a base fee thus makes more sense for higher amounts. Both should be just as secure but I suppose certified checks could be counter fitted more easily.

    Hopefully someone in banking will come along or at least that knows.
     
  3. Texas1911

    Texas1911 TGT Addict

    May 29, 2017
    Austin, TX
    Has more to do with the check requiring clearing time, whereas the money order is instantaneous. I'm sure they are OK with you sending a check, so long as you allow time for it to clear prior to them shipping.
     
  4. kingofwylietx

    kingofwylietx Well-Known

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    DFW area.....Wylie.
    That makes sense, I just started to wonder if I should tell him to bring a PMO, vs certified check.

    I do wonder if he may want to wait till next weekend, it's looking like we may actually get some rain this weekend.
     
  5. juwaba98

    juwaba98 Well-Known

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    May 9, 2008
    North Zulch, TX
    I've heard before that a Postal Money order, especially when mailed out of state, issued by an entity of the Federal Government (USPS) helps provide more options for recourse should you get ripped off. I think the most common term used with it is Interstate Commerce Fraud or something like that. Basically a way to afford more protection for the buyer and seller similar to using paypal on ebay. That and a postal money order is more likely to not be a forgery than a certified or cashiers check from The First State Bank of Namibia is. Just what I've heard.........
     
  6. Joat

    Joat Active Member

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    Kenefick, TX
    A PMO is a barer instrument, redeemable for cash on presentation, on the other hand a check is a promissory note subject to funds availability.

    My suggestion is to do the transfer at a branch of the bank that the check is drawn upon. That way you are cashing the check with the issuer not depositing the funds for collection into your account where , if there are problems with the check, YOU are liable for the funds.

    If the buyer can bring a certified check why can't they just bring cash?

    Joat
     
  7. kingofwylietx

    kingofwylietx Well-Known

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    DFW area.....Wylie.
    The strangest thing is, the guy said he's coming up this weekend with the certified check. Well, no word from him since then except an email asking "are you there?". Very strange.

    I gave him my address so he could Google it, in an earlier email. Now I'm thinking he may be a bit flakey. I sent him my phone number in case he lost it and also left him a voicemail. I have not heard anything else.....so......
     
  8. TSU45

    TSU45 Active Member

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    Jun 6, 2008
    San Marcos, Tx
    Did this buyer contact you on craigslist?
     
  9. kingofwylietx

    kingofwylietx Well-Known

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    DFW area.....Wylie.
    Not from Craigslist, but from a motorcycle forum.

    Now he says that he is coming up this weekend. It's just odd to me that he really only communicates via email. I do have his cell number, and we spoke extensively one day, but other than that...it's been email.

    He mentioned that he works for a soccer team in Houston and gave an area of where he lives. I did a Zabasearch and his name is associated with someone that has a home address in that area.......but that is about all I can look up for free.
     
  10. Porter

    Porter Member

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    Jun 3, 2008
    Houston
    IIRC, counterfeit certified checks, and money orders are a common scam. If this is a FTF transaction, and he is unwilling to deal in cash, you would probably do well to be suspicious.
     

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