NAICS Code 522320-08 - Money Order Service

Marketing Level - NAICS 8-Digit

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NAICS CODE 522320-08
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Looking for more companies? See NAICS 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities - 27,119 companies, 105,303 emails.

NAICS Code 522320-08 Description (8-Digit)

Money Order Service is a subdivision of the Financial Transactions Processing, Reserve, and Clearinghouse Activities industry. It involves the issuance and payment of money orders, which are a type of prepaid payment instrument used as an alternative to cash. Money orders are typically used for transactions where a check or cash is not accepted or is not convenient, such as paying bills or sending money to someone in another location.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 522320 page

Tools

Tools commonly used in the Money Order Service industry for day-to-day tasks and operations.

  • Money order printing machines
  • Security paper and ink
  • Fraud detection software
  • Point-of-sale terminals
  • Cash registers
  • Barcode scanners
  • Signature pads
  • Currency counters
  • Envelope sealers
  • Shredders

Industry Examples of Money Order Service

Common products and services typical of NAICS Code 522320-08, illustrating the main business activities and contributions to the market.

  • Convenience stores
  • Grocery stores
  • Post offices
  • Money transfer agents
  • Pawn shops
  • Western Union agents
  • Currency exchange offices
  • Travel agencies
  • Check cashing stores
  • Payday loan stores

History

A concise historical narrative of NAICS Code 522320-08 covering global milestones and recent developments within the United States.

  • The Money Order Service industry has a long history dating back to the 18th century when it was first introduced in Great Britain. The first money order service in the United States was established in 1863 by the United States Post Office. The service was initially used to send money to remote areas where banks were not available. In the 20th century, the industry saw significant growth due to the increasing demand for secure and reliable payment methods. In recent years, the industry has faced challenges due to the rise of digital payment methods, but it still remains a popular option for people who do not have access to traditional banking services.