Why PMO for pistols?

kingofwylietx

Well-Known
Feb 29, 2008
1,424
36
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???
 

JKTex

Well-Known
Mar 11, 2008
2,018
38
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.
 

Texas1911

TGT Addict
May 29, 2017
10,623
38
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.
 

kingofwylietx

Well-Known
Feb 29, 2008
1,424
36
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.
 

juwaba98

Well-Known
May 9, 2008
1,725
36
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.........
 

Joat

Active Member
Apr 28, 2008
379
18
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
 

kingofwylietx

Well-Known
Feb 29, 2008
1,424
36
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......
 

kingofwylietx

Well-Known
Feb 29, 2008
1,424
36
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.
 

Porter

Member
Jun 3, 2008
61
16
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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