As more consumers choose to shop online, the variety of payment options available has expanded. While credit and debit cards are still the most commonly used payment methods, there are many people who prefer to use their bank account routing and account numbers to make purchases.
This payment method allows consumers to bypass credit card fees and interest charges and also provides added security by avoiding the need to share sensitive credit card information online.
In this article, we will explore which online stores accept bank account routing and account numbers, as well as the benefits and potential drawbacks of using this payment method.
What Is An Online Store?
An online store, also known as an e-commerce store or an online shop, is a website that allows businesses to sell products or services online to consumers.
An online store typically includes a virtual shopping cart that allows customers to browse products, select items for purchase, and complete the transaction using various payment options such as credit card, PayPal, or bank transfer.
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What are routing and account numbers?
A routing number is a nine-digit code used by banks in the United States to identify financial institutions during transactions. Routing numbers are typically used for transfers between banks, direct deposit, and bill payments.
An account number is a unique set of numbers assigned to an individual account by a financial institution. It is used to identify a specific account and is required for any transactions involving that account, such as deposits, withdrawals, and transfers.
How to pay online stores with routing and account numbers
To pay for purchases at an online store using your routing and account number, follow these steps:
- Choose an online store that accepts this payment method: While some online stores may allow you to pay with your bank account information, not all of them do. Make sure to check the payment options available before making a purchase. However, if you are unsure of which stores accept this payment method, please stick to the end of this article.
- Add items to your cart: Browse the online store and add the items you wish to purchase to your cart.
- Proceed to checkout: When you’re ready to pay, proceed to the checkout page. Enter your shipping information and select the option to pay with your bank account.
- Enter your routing and account numbers: You will be prompted to enter your bank routing number and account number. Make sure to double-check these numbers before submitting them, as errors can result in payment delays or other issues.
- Confirm your purchase: Once you have entered your bank account information, review your order summary and confirm your purchase. The online store should provide a confirmation message or receipt to indicate that your payment was successful.
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What online stores accept routing and account numbers?
Here are seven online stores that have been known to accept this routing and account payment option:
1. Amazon
Amazon is a leading online retailer that sells a wide range of products, including books, electronics, clothing, and home goods. In addition to its retail operations, it also provides cloud computing services, streaming video and music, and other digital services.
Amazon accepts bank account routing and account numbers through its Amazon Pay service, which allows customers to make purchases on participating websites using their Amazon account information.
2. Walmart:
Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. The company offers a wide range of products, including groceries, clothing, electronics, and home goods. Walmart also provides services such as online grocery ordering and pickup.
Walmart allows customers to pay for online purchases using their bank account information through its Pay with Cash service. Customers can choose to pay with their bank account at checkout and then make a cash payment at a Walmart store within 48 hours.
3. Target:
Target is a retail chain that offers a range of products, including clothing, household goods, electronics, and groceries. The company also provides services such as in-store pickup, same-day delivery, and subscriptions for frequently purchased items.
Target accepts bank account routing and account numbers as payment methods through its RedCard service. Customers can link their checking account to a RedCard debit card and use it to make purchases online and in-store.
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4. Best Buy:
Best Buy is a retailer specializing in electronics, home appliances, and entertainment products. The company operates brick-and-mortar stores across the United States, as well as an e-commerce website that allows customers to purchase products online.
Best Buy allows customers to pay with their bank account information through its “Pay With Checking Account” service. Customers can enter their bank routing and account numbers at checkout to complete the transaction.
5. Newegg:
Newegg is a popular online retailer that specializes in computer hardware and software, as well as consumer electronics and other tech products.
The company offers a wide selection of products, competitive prices, and fast shipping options. Newegg accepts bank account routing and account numbers as a payment method through its Checkout With Bitcoin service.
6. Overstock:
Overstock is an online retailer that offers a wide variety of products, including furniture, home goods, clothing, and jewelry. The company aims to provide customers with high-quality products at affordable prices and also offers free shipping on most orders.
Overstock allows customers to pay for purchases using their bank account information through its Check Pay service. Customers can enter their bank routing and account numbers at checkout to complete the transaction.
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7. Zulily:
Zulily is an online retailer that offers daily deals on clothing, shoes, accessories, and home goods. The company specializes in limited-time sales events, which offer customers the opportunity to purchase products at significant discounts.
Zulily also offers a range of personalized shopping features, including size and style preferences and recommendations based on past purchases.
Zulily accepts bank account routing and account numbers as a payment method through its Pay By Check service. Customers can select this option at checkout and then mail a physical check to the company to complete the payment.
How To Find The Routing And Account Numbers
You can typically find your bank routing and account number on your checks or on your bank statements. Here are some steps to help you locate these numbers:
- Look at your checks: Your bank routing number is a 9-digit code that appears on the bottom left corner of your checks, before your account number. Your account number is the set of numbers immediately following the routing number on the same line.
- Check your bank statement: Your routing and account numbers should also appear on your monthly bank statement. Look for the section that shows your account information.
- Contact your bank: If you are unable to find your routing and account number through your checks or bank statements, you can contact your bank directly. They can provide you with the necessary information over the phone or in person.
In Conclusion
While not all online stores accept bank account routing and account numbers as payment methods, there are several popular retailers that do. Amazon, Walmart, Target, Best Buy, Newegg, Overstock, and Zulily are just a few examples of online stores that allow customers to use their bank account information to make purchases.
This payment method can be convenient for customers who prefer not to use credit cards or other payment options. As always, it’s important to verify with each online store if they accept bank account routing and account numbers before making a purchase. With these options, customers have a variety of choices for paying for their online shopping needs.
It’s important to keep your routing and account numbers private and secure. Be cautious when sharing this information, especially when making online transactions or providing it to unfamiliar individuals or companies.