Does 7-Eleven do money orders? All FAQs Answered!
7-Eleven is a chain of convenience stores with its headquarters situated in Dallas, Texas. 7-Eleven sells frozen beverages, bakery items, hot prepared foods, sandwiches, fruits, dairy products, carbonated beverages, juice and also deals with financial services and product delivery services. Yes, 7-Eleven does money orders.
7-Eleven is one of the prominent places to purchase money orders. A money order is a prepaid instrument. It can be purchased for the desired amount. The funds are paid in advance for the amount shown on the money order. A person who desires to buy a money order pays the cost of the money order, which includes the issued amount and the fee charged.
Why would you use a money order? There are a few good reasons to justify the use of money orders.
- A money order is the best way to spend money when you do not want to share your personal information.
- Money orders are prepaid, which eliminates the fear of cheque bounce.
- Money orders are very safe. You can even send a money order by mail. Since the recipient’s name is mentioned on the money order, it is highly impossible to be stolen.
Also Read: Publix Money Order Details
Does 7-Eleven do Money Orders?
As 7-Eleven is a convenience store and not a bank, no savings account is needed to purchase a money order. You can simply visit your nearest store and request a money order. Western Union and MoneyGram are the two types of money orders available at 7-Eleven. The type of money order you receive depends on the location of the store. Some stores have access to Vcom ATM money centers, which can be used to purchase money orders. A 7-Eleven money order can be purchased only by cash. Credit cards and debit cards are not accepted for a money-order transaction. There is a limit on the amount of each money order you can purchase. You can purchase a money order up to $500.00 per money order. To buy a money order, you need to pay a fee at the rate of 1-3% of the total amount of money order. At almost all locations, the fee is $0.75 for each transaction up to $500.00.
If you have purchased a money order, the status can be tracked on MoneyGram or Western Union. Any questions or concerns you have can be dealt with MoneyGram or Western Union once the purchase is made. If the money order you purchased has not been utilized, you can receive it yourself if the recipient’s information is yet to be filled. If the information is filled in, the issuing agency needs to be contacted. The issuing agency will help you cancel the money order. It takes approximately 7-8 weeks for the refund to be processed. There is a processing fee for the cancellation of money orders. The 7-11 store does not cash money orders, nor do they refund.
You can track your money order by writing to either MoneyGram or Western Union, depending on the money order you have purchased. If it is a Western Union Money order, you will need to fill a Western Union money order research request form and mail it to their office with a processing fee of $30, which is non-refundable. Similarly, if the money order is a MoneyGram money order, you need to fill the money order search form and mail it to their office with a processing fee of $40, which is non-refundable. If the MoneyGram receipt is lost, MoneyGram cannot do much to track your money. Hence, you need to keep the money receipt safe until you ensure the money order has been encashed.
Also Read: Albertsons Money Order Details
Concluding: 7-Eleven Money Orders
Lastly, it is good to note that 7-Eleven only issued money orders against cash but does not encash or initiate a refund. If you have an unused money order, you can endorse it and encash it at the bank or any retailer that cash money orders.