What is International Money Order?

An international money order is a payment order for a predefined amount of money used to make payments abroad. It is very much similar to Indian postal money order, except that this money order is used for international transfers and the issuer is a bank.

International money order is preferred than sending cash through the post because of its strict rules. It is mandatory that the receiver identifies himself with his signature and photo identification. In this way it is ensured that the cash is received by the right person and is not misused. It is very popular with people who buy goods online from other countries.

How to do an International Money Order?

Buying an item online and paying through international money order is easy. If you want to pay for an item bought through international money order, your bank have to issue an international money order in the currency which the seller accepts.

While on this, you will also have to make sure that the specific type of money order is acceptable in the destination country.

Many countries have made it compulsory that the money order be on pink and yellow paper bearing the words “international postal money order." This is done to ensure the document’s authenticity. One of the largest banking institutions; the Japan Post is very particular about this aspect.