Last Updated on July 17, 2023 by Easyapns
In the era of online shopping, the convenience and security of payment methods play a crucial role. While credit and debit cards are commonly used, some online stores now accept routing and account numbers as an alternative payment option. This method allows shoppers to simplify their online transactions, eliminating the need to provide credit card information. In this article, we will explore that what online stores accept routing and account number and what routing and account numbers are, how to find them, and the advantages of using this payment method while shopping virtually.
8 Online Stores Accepting Routing and Account Numbers
Routing and account numbers can be used for online payments, providing a convenient alternative to credit or debit cards. Several online stores accept this form of payment, offering a streamlined shopping experience. Here are some popular online retailers that accept routing and account numbers:
- Amazon: Amazon allows users to add their bank information to their accounts for secure payments without entering credit card details for each purchase.
- Walmart: Walmart accepts checking account number payments through its website or mobile app by linking your bank account to its secure checkout system.
- Target: Target accepts routing and account numbers for online purchases. Select “Pay With Bank Transfer” during checkout and enter your banking information.
- Best Buy: Best Buy offers direct debit payments, requiring both routing and account numbers. Set up an online banking payment profile before completing the checkout process.
- eBay: eBay accepts routing and account numbers for payment. Users can enter their banking credentials like ABA/BIC code and checking/savings account digits.
- Newegg: Newegg, a popular electronics retailer, accepts routing and account number payments if linked with PayPal or Amazon Payments accounts.
- Overstock: Overstock allows payments through routing and account numbers by linking them with PayPal or Amazon Payments during checkout.
- Sears: Sears permits shoppers to make purchases using their checking account information during web-based checkouts and orders placed by telephone customer service representatives.
Finding the Routing and Account Numbers
To find your routing and account numbers, you can follow these steps:
- Check your bank statements and checks: Look at the bottom of your checks or recent bank statements. You will find the routing number (ABA) and the account number.
- Use your bank’s website or app: Access your bank’s digital banking services to find your routing and account numbers without needing physical copies of your checks or statements.
Paying Online with Routing and Account Numbers
To pay online with your routing and account numbers, you can follow these general steps:
- Check if the online store accepts this payment method: Visit the website or online store to seek information regarding accepted payment methods or contact customer service for clarification.
- Link your bank account: Provide your routing and account numbers to link your bank account to the online store’s payment system.
- Verify billing information: Ensure that all billing information is accurate before submitting payment.
- Submit payment: Choose the items you want to purchase and submit payment using your routing and account numbers.
It’s important to note that different online stores may have slight variations in their payment procedures. Refer to the specific instructions provided by each store during the checkout process.
Advantages of Paying with Routing and Account Numbers
There are several advantages to using your checking account number for online payments:
- Convenience: Using your checking account number eliminates the need to enter sensitive information like credit card details for every purchase.
- Security: Direct bank transfers offer enhanced security, requiring only your unique banking credentials and eliminating the risk of storing payment details on third-party systems.
- Lower Fees: Banks offer lower direct bank transfer fees than debit/credit card transactions, potentially saving you money on transaction fees.
Protecting Your Information and Reporting Potential Fraud
If you suspect that your routing and account numbers have been stolen while using an online store, follow these steps:
- Contact your bank: Inform your bank or financial institution about the potential fraud and request monitoring of your account for unauthorized activity.
- Change login credentials: Change your online banking and payment account login credentials to prevent unauthorized access.
- Report the issue: Contact the customer service team of the online store where the theft may have occurred and report the problem to them.
Using the Same Routing and Account Number for Multiple Online Stores
If they accept this payment method, you can use the same routing and account number for multiple online stores. However, sharing sensitive financial information across multiple platforms increases the risk of information compromise. Always ensure the security measures of your online stores and consider monitoring your accounts for any suspicious activity.
In conclusion, online stores that accept routing and account numbers provide a convenient alternative to traditional payment methods. Popular retailers like Amazon, Walmart, Target, Best Buy, eBay, Newegg, Overstock, and Sears offer this payment option. Paying with routing and account numbers offers convenience, security, and potential cost savings. However, it’s crucial to ensure the safety of online stores and be cautious with sharing sensitive financial information. Stay vigilant and report suspicious activity to your bank and the online store.