Need Help! Should I accept a money order or cashier's check from Canada?

[Inhuman Fiend]

I've sold a lot of comics to buyers in foreign countries, and everyone has always paid via Paypal. However, I have a Canadian buyer who wants to send me a money order or cashier's check (didn't specify which). Are there any problems I should be aware of with accepting a foreign money order or cashier's check?

I know we have a lot of Canadian members so perhaps someone can shed some light on this for me? Thanks...

[That Ron Dude]

Our money orders and cheques are cashable in the states. I don't anticipate any problems. I have sent them down to the USA dozens of times and no one has ever complained. I did have one fellow however who insisted on a postal money order because he said that there were services charges in cashing a bank money order. You might want to check out that angle with your bank.

 

Ron

[Aces]

Just make sure the MO is in US funds.

[maxstuf]

If you accept a Canadian Postal Money Order, your bank may charge a service fee to cash it. However the USPS will cash them at their windows at no charge.

 

I have had a mixed bag of Fees / no Fees with the Canadian Cashier' Checks.

[aardvark88]

International money order from Canada may take 3-4 business days via snail mail but u save 3% PayPal receiving fees.

[silverage12c]

As long as the M.O. is in US Dollars, banks here will not charge a service fee to cash it for you. As a Canadian living in the US now, family often send funds to me this way for the kids' birthdays, etc. I've never had a problem cashing a Canadian M.O. here.

[Inhuman Fiend]

Thanks everyone!

[divad]

NO. Just a bunch of crooks up there!

 

[rjpb]

Make sure it is an international money order/ cashiers check even if drawn on U.S. funds. I once got a cashiers check from a Hong Kong bank that was in U.S. Funds, but was not cashable outside Hong Kong, even though the bank had a branch here in Los Angeles.

 

Probably a less likely with Canadian money orders, but be sure.

 

Also be reluctant to have funds routed to your account via SWIFT - a popular way to pay for things in Europe. My bank (B of A) charged me $10 for such a transaction.

[Guardian Comics]

Yes be sure to make sure the funds are indeed in US dollars, but if economists are correct as they forsee the Canadian dollar overtaking the US dollar in value by the end of the year, next year you might want to hope they start paying in Canadian dollars

 

I used to send out MO's all the time and no one ever complained or had a problem cashing it.

 

Jim

[CycloneComics]

Yes be sure to make sure the funds are indeed in US dollars, but if economists are correct as they forsee the Canadian dollar overtaking the US dollar in value by the end of the year, next year you might want to hope they start paying in Canadian dollars

 

Then Overstreet prices will be in Canadian Dollars right.

John

[Gingerbread Man-migration]

I know we have a lot of Canadian members