ELI5: Explain Like I'm 5

Postal order

A postal order is like a special piece of paper that can be used to send money in the mail. When you want to send someone money, you can go to a post office and ask for a postal order. You will usually need to pay a fee to get one.

Once you have the postal order, you can write the name of the person you are sending the money to on it. You also write how much money you are sending. Then you give the postal order to the post office and they will send it to the person you wrote down.

It's important to use a postal order to send money because it's safe and reliable. You can be sure that the other person will get the money you sent them. It's also a good idea if you don't have a bank account or don't want to use online payment methods like Venmo or PayPal.

So, think of a postal order like a special paper that you can use to send someone money through the mail.