While most online stores accept credit cards and other traditional payment methods, there is a growing demand for alternative payment options. One such option is using routing and account numbers for online transactions.
In this article, we will explore the concept of routing and account numbers, their benefits, and provide a list of popular online stores that accept this payment method.
We’ll delve into the benefits of using routing and account numbers, as well as the steps to set up this payment option. Whether you’re an avid online shopper or a business owner seeking to expand payment options, join us as we navigate the world of hassle-free and efficient online payments.
Let’s get started on this banking and shopping journey together!
What Is A Routing And Account Number?
Contents
Routing Number
A routing number, also known as a bank code or transit number, is a 9-digit code that identifies the financial institution where your account is held. It allows funds to be transferred between banks electronically.
Account Number
Your account number is a series of numbers that identifies your specific account at that financial institution. It’s usually between 7 and 17 digits long.
Online Stores That Accept Routing And Account Numbers
Here are some online stores that accept routing and account numbers for payment:
Amazon
Amazon is one of the largest online retailers that accepts routing and account numbers for payment. You can add your bank account details to your Amazon account and use it as a payment method during checkout.
Walmart
Walmart is another popular online store that accepts routing and account numbers. You can link your bank account to your Walmart account and use it for making purchases on their website.
Target
Target also allows customers to use routing and account numbers for payment. By adding your bank account details to your Target account, you can easily make purchases online.
Etsy
Etsy, an online marketplace for handmade and vintage items, accepts routing and account numbers for payment. You can link your bank account to your Etsy account and use it to pay for your purchases.
eBay
eBay, a well-known online auction and shopping website, accepts routing and account numbers as a payment method. You can add your bank account details to your eBay account and use it for making purchases.
Wayfair
Wayfair, an online retailer specializing in home goods and furniture, accepts routing and account numbers for payment. You can link your bank account to your Wayfair account and use it to pay for your orders.
Overstock
Overstock is an online store that offers a wide range of products, including furniture, home decor, electronics, and more. They accept routing and account numbers as a payment method.
Best Buy
Best Buy, a popular electronics retailer, accepts routing and account numbers for payment. You can add your bank account details to your Best Buy account and use it to make purchases.
Apple
Apple, the technology giant, accepts routing and account numbers for payment on their online store. You can link your bank account to your Apple account and use it to buy Apple products and accessories.
Google Express
Google Express is an online shopping platform that offers products from various retailers. They accept routing and account numbers as a payment method, allowing you to make purchases using your bank account.
Microsoft Store
The Microsoft Store, where you can buy software, hardware, and other Microsoft products, accepts routing and account numbers for payment. You can add your bank account details to your Microsoft account and use it for purchases.
Macy’s
Macy’s, a well-known department store, accepts routing and account numbers for payment. You can link your bank account to your Macy’s account and use it to make purchases online.
Abercrombie & Fitch
Abercrombie & Fitch, a clothing retailer, accepts routing and account numbers as a payment method. You can add your bank account details to your Abercrombie & Fitch account and use it for online purchases.
AVON Representatives
AVON Representatives, an online store for beauty and personal care products, accepts routing and account numbers for payment. You can provide your bank account details to your AVON Representative and use it for purchases.
Nordstrom
Nordstrom, a luxury department store, accepts routing and account numbers for payment. You can link your bank account to your Nordstrom account and use it to make purchases online.
Bloomingdale’s
Bloomingdale’s, a high-end department store, accepts routing and account numbers as a payment method. You can add your bank account details to your Bloomingdale’s account and use it for online purchases.
QVC Online Store
QVC, a home shopping network, accepts routing and account numbers for payment. You can provide your bank account details during the checkout process on their website.
How to Use Routing and Account Numbers for Online Shopping
To use routing and account numbers for online shopping, follow these steps:
Create an account: Sign up or log in to the online store where you wish to make a purchase.
- Add bank account details: Navigate to the payment options section and select the option to add a bank account. Enter your routing and account numbers accurately.
- Verify your account: Some online stores may require you to verify your bank account by confirming small deposits made by the store. Follow the instructions provided to complete the verification process.
- Make a purchase: Once your bank account is linked and verified, you can proceed to make a purchase. Select the routing and account number payment option during checkout and confirm the transaction.
How to Find Routing and Account Number
To find your routing and account number, you can follow these steps:
- Check your checks: If you have a personal checkbook, you can find your routing and account numbers at the bottom of each check. The routing number is a 9-digit number usually located on the left side, while the account number is typically located to the right of the routing number.
- Contact your bank: If you don’t have checks or can’t find the numbers on them, you can contact your bank directly. Reach out to their customer service department via phone, email, or visit a local branch. They will be able to provide you with your routing and account numbers.
- Online banking: If you have access to online banking, log in to your account on your bank’s website or mobile app. Once logged in, navigate to your account details or settings section. You should be able to find your routing and account numbers listed there.
- Bank statements: Your routing and account numbers may also be listed on your bank statements. Check the most recent statements you have received either in paper form or through your online banking portal.
- Mobile banking apps: If you use a mobile banking app, you can often find your routing and account numbers within the app. Look for the account details or settings section, where you should be able to find the necessary information.
Remember to keep your routing and account numbers secure and avoid sharing them with anyone you don’t trust.
Benefits of using routing and account numbers online
Some benefits of using your routing and account numbers to pay for online purchases include:
- Immediate payment – Funds are transferred right away from your bank account.
- No transaction fees – There are typically no fees associated with using your bank account, unlike credit cards.
- Security – Your bank account information is often more secure than credit card numbers.
- Convenience – It’s convenient to have your bank account information saved with online stores.
Risks and security concerns
While using your bank account information online can be convenient, there are some security risks:
- Fraud – If your bank account information is compromised, fraudsters could make unauthorized withdrawals.
- Phishing – Criminals may try to steal your routing and account numbers through phishing emails or fake websites.
- Data breaches – If an online store suffers a data breach, your bank account information could be exposed.
Cautions for Secure Online Transactions
While using routing and account numbers for online transactions can be convenient, it is essential to prioritize security. Here are some cautions to ensure secure online transactions:
- Use trusted online stores: Stick to reputable online stores that have secure payment systems in place.
- Keep software up to date: Regularly update your device’s operating system and antivirus software to protect against potential security threats.
- Avoid public Wi-Fi: When making online transactions, avoid using public Wi-Fi networks as they may not be secure. Opt for a private and secure internet connection.
- Monitor your accounts: Regularly review your bank statements and transaction history to identify any unauthorized activity.
- Use strong passwords: Create unique and strong passwords for your online accounts to prevent unauthorized access.
FAQs
Q1. Can I use routing and account numbers for international online stores?
A1. Routing and account numbers are primarily used for domestic transactions within the United States. International online stores may not accept this payment method.
Q2. Are routing and account numbers safe to use for online transactions?
A2. Using routing and account numbers can be safe for online transactions if proper security measures are followed. It is important to use trusted online stores and keep personal information secure.
Q3. Can I use routing and account numbers for recurring payments?
A3. Yes, routing and account numbers can be used for recurring payments, such as subscriptions or utility bills. Ensure that you have sufficient funds in your bank account to avoid any payment issues.
Q4. Are there any transaction limits when using routing and account numbers?
A4. Transaction limits may vary depending on the online store and your bank’s policies. It is advisable to check with your bank or the online store for any specific limits.
Q5. Can I get a refund if I use routing and account numbers for online purchases?
A5. Refund policies may vary among online stores. Most stores offer refunds for purchases made using routing and account numbers, similar to other payment methods. It is recommended to review the store’s refund policy before making a purchase.
Conclusion
As online shopping continues to evolve, the acceptance of alternative payment methods like routing and account numbers is on the rise. This provides consumers with more options and flexibility when making online purchases. By understanding how routing and account numbers work and following the necessary security measures, individuals can enjoy a seamless and secure online shopping experience.