A money order is a payment method that allows individuals to send money securely. It is purchased for a specific amount and can be used to pay bills or send funds to someone without needing a bank account. Money orders are often available at banks, post offices, and retail stores. To use a money order, the buyer fills out the recipient's name and the amount. Unlike personal checks, money orders are prepaid, making them a safer option for both the sender and the recipient. They can be cashed or deposited at banks and other financial institutions.