Money Order Program can mean more profits for you and better service for your customers. Money orders in your store can increase traffic flow and generate repeat business. When a money order is sold, the face amount and a fee are collected from your customer.
Most customers purchase additional items while in the store.
You remit the total face value of the money orders sold plus a small fee per item to MEMO by Electronic Funds Transfer. Reporting forms are sent to the MEMO Office for processing. MEMO then takes over all tracing, storing, filing, reconciling and research, utilizing sophisticated computerized processing. Your fees are based on the number of money orders sold. As sales increase, your fee decreases.