The buyer of a money order serves as the remitter. If you need to send a payment through the mail but don’t have checks, you may always buy a money order instead. When someone sends a money order, they are acting as the money order’s sender.
A remitter line is also included on cashier’s checks, teller checks, and some traveler’s checks in addition to money orders. If a shopkeeper or vendor is asking for a remitter payment instead of cash or a personal check, it’s probably to mitigate some type of risk. Almost never will a remitter’s payment be returned as uncollectible.
There are a number of scenarios in which a retailer or vendor might ask for payment to be sent to them by a third party (or “remitter”). As was previously indicated, the guaranteed nature of remitter payments gives retailers peace of mind when accepting them. When conducting business with an unknown party, this is the preferred method. Since the seller and buyer have never done business before, the former may want proof of finances from the latter before completing the sale of the car. Money orders and cashier’s checks are also regularly utilised for sending money to convicts. Remitter payments have a lower incidence of counterfeiting than cash and personal checks, and they incur no additional fees for the seller or merchant to cash.
