SIC Code 6099-02 - Money Order Service
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SIC Code 6099-02 Description (6-Digit)
Money Order Service is a type of financial service that allows individuals to send money to a recipient who is not within their immediate vicinity. This service is often used by individuals who do not have access to a bank account or who prefer not to use electronic payment methods. Money Order Service involves the issuance of a paper document that serves as a payment order for a specified amount of money. The document can be purchased at a Money Order Service provider and can be sent to the recipient via mail or in person. The recipient can then cash the document at a Money Order Service provider or deposit it into their bank account.
Hierarchy Navigation for SIC 6-Digit Code 6099-02
Parent Code (less specific)
Tools
- Money order forms
- Security features for money order forms (watermarks, serial numbers, etc.)
- Printing equipment for money order forms
- Envelopes for mailing money orders
- Cash registers for processing payments
- Computer software for tracking money orders and transactions
- ID verification tools (for verifying the identity of the sender and recipient)
- Currency counting machines (for counting cash payments)
- Safe storage for cash and money orders
- Fraud detection tools (for identifying and preventing fraudulent transactions)
Industry Examples of Money Order Service
- Western Union
- MoneyGram
- USPS Money Orders
- Walmart Money Orders
- Ria Money Transfer
- ACE Money Transfer
- Xoom
- Vigo
- Transfast
- Payko
SIC Code 6099-02 - Money Order Service
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