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Mon Oct 21 2019 13:08:41

US Canada Postal Money Orders Policy Hurts Seller

By: Reader

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Dear Ina and Dave,
I've been an EcommerceBytes follower almost from your beginnings... I'm wondering if this topic has come and I missed it about, what is for me, a serious change in the USPS and Canada Post Money Order policy as it pertains to our two countries. As of 30-August-2019 ALL International Money Orders (my favorite way of being paid) between our two countries has been permanently discontinued. 

This was a shocker to me and has significantly hurt how I do business. 

The benefits for both our US Customers and us were:

(1) Easy to buy at local Post Offices
(2) Cheap to buy... (only $9.50)
(3) Readily accepted and trusted by our banks...
(4) Best of all, the USD-CDN exchange rate at the PREVAILING BANK RATE...

Sorry if you've already discussed this and I missed it...
Sincerely,
Bill

Note from the editor: The development came as a surprise to us as well, we discovered it only one day before the new practice was put into place, and wrote about it in EcommerceBytes Newsflash. Sellers, let us know if this has impacted you.



Comments (4) | Permalink

Readers Comments

Perminate Link for US Canada Postal Money Orders Policy Hurts Seller   US Canada Postal Money Orders Policy Hurts Seller

This user has validated their user name. by: CanBrit

Mon Oct 21 16:27:22 2019

I'm wondering OP, if when you have a customer that wants to use one of those money orders, could you not extend the handling time to allow the payment to be sent and then mark the item as paid? Just a thought. I know in the past I've had a customer mail a check and I've done it that way.

eBay loves to block any growth of sales.

Perminate Link for US Canada Postal Money Orders Policy Hurts Seller   US Canada Postal Money Orders Policy Hurts Seller

by: FH991586 This user has validated their user name.

Wed Oct 23 09:37:26 2019

I used the international money order 15-20 years ago (before electronic payments were easy), and it was really useful.  But Canadian banks never liked the thing, because they could not verify the authenticity of the money order (not their own system).  So they would freeze the assets until cleared by Canada Post, like a regular check...  Not good!  But you could cash them at any Canada Post outlet directly, providing they had sufficient funds (do not try $600 USD in a small town without calling first).
I've noticed Canada Post has been pushing for another type of money transfer operation in the past year, so it doesn't surprise me that this service has now disappeared...
To be honest, it was like a telegram; a ghost from the past.

Perminate Link for US Canada Postal Money Orders Policy Hurts Seller   US Canada Postal Money Orders Policy Hurts Seller

by: Chicago48 This user has validated their user name.

Thu Oct 24 06:35:39 2019

Almost all forms of payment, other than digital and swipe, is going away.  Even cash.  You just have to work around it.

Perminate Link for US Canada Postal Money Orders Policy Hurts Seller   US Canada Postal Money Orders Policy Hurts Seller

by: Moonwishes This user has validated their user name.
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Thu Oct 24 10:37:26 2019

The last international MO I got was from Canada. First, until the last moment the buyer had hidden the fact that she was in Canada. When I told her I didn't take MO from other countries, she said oh well I already sent it. My bank wanted MORE to cash it than it was worth. The whole thing ended up being a mess. At that point, I stopped taking MO from foreign transactions. It just wasn't worth it. And I do live in a small town that is not used to taking in foreign money. When we were going to Toronto once, I wanted to get some Canadian dollars and they just didn't have them. I lived in Canada while going to college, so it isn't like I don't understand exchange rates, etc. I also had the joy of experiencing a 2 months postal strike as well.  



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