SIC Code 6099-02 - Money Order Service

Marketing Level - SIC 6-Digit

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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

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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