What Online Stores Accept Routing and Account Numbers for Payment (2024)

In today's digital age, online shopping has become increasingly popular, and having a convenient payment method is crucial. While credit cards and digital wallets like PayPal are commonly used, there are also online stores that accept routing and account numbers for payment. This payment method, also known as direct bank transfers, offers a secure and direct approach to making online payments.

Advantages of Using Routing and Account Numbers for Payment

1. Lower transaction fees: Direct bank transfers involve lower costs compared to credit card transactions, as there are no intermediaries involved.
2. Enhanced security measures: Bank account payments are considered more secure since no sensitive data is shared with third parties, reducing the risk of credit card fraud and identity theft.
3. Direct payment control: Consumers have greater control over their payments with direct bank transfers, as they can review and authorize transactions before they are processed.

Disadvantages of Using Routing and Account Numbers for Payment

1. Slower processing time: Bank transfers can take several days to process, unlike card transactions, which are typically instantaneous.
2. Limited payment dispute options: Bank account payment users may find it more challenging to seek recourse in the event of a dispute compared to credit card users, who are usually protected against chargebacks.
3. Potential privacy concerns: While bank account payments are generally secure, users must still share their bank account details with merchants, which can put their privacy at risk.

Online Stores That Accept Routing and Account Numbers for Payment

1. Amazon

Amazon is the world's largest online retailer and accepts payments with checking account numbers. You can save your checking account details in your Amazon account and use them for purchases.

2. Walmart

Walmart, a multinational retailer, allows customers to pay with their checking account numbers. During checkout, you can select "Pay with Cash" and then choose "Pay with Checking Account" to enter your routing and account numbers.

3. Microsoft Store

The Microsoft Store, a digital distribution platform, accepts payments with checking account numbers. You can add your bank account as a payment option in your Microsoft account settings.

4. Overstock.com

Overstock.com is an online retailer that accepts payments through eChecks, which are digital versions of paper checks. You can provide an eCheck number during the checkout process.

5. Best Buy

Best Buy, a popular electronics retailer, accepts payments with eChecks. You can obtain an electronic check from your bank and provide the check number during checkout.

6. Target

Pay with "Debit RedCard," which draws directly from your checking account.

Third-Party Payment Solutions

Several services act as intermediaries, connecting your checking account to online stores:

• PayPal: Link your checking account to PayPal and use it for purchases at countless online merchants.
• Venmo: Similar to PayPal, but with a social media twist, Venmo allows online payments using your checking account.
• ACH payments: Some smaller stores may offer direct ACH (Automated Clearing House) transfers, where you enter your bank details at checkout.

Important Considerations:

• Security: Ensure you're on a secure website before entering sensitive banking information. Look for the padlock symbol and "https" in the address bar.
• Transaction fees: Check if the store or payment service charges fees for using your checking account.
• Processing time: Direct bank transfers may take longer to process compared to credit cards.
• Limited availability: Not all stores offer this option, so check their payment methods page beforehand.

Alternatives to Paying Routing and Account Numbers

If your preferred store doesn't accept checking account details directly, consider:

• Debit cards: Linked to your checking account, debit cards offer convenience and avoid credit card interest.
• Prepaid debit cards: Load them with funds from your checking account for secure online spending.
• Bill pay services: Some banks allow online bill payments to certain merchants, essentially transferring funds from your checking account.

Choosing the Right Option:

The best method depends on your priorities. Consider convenience, security, potential fees, and whether you value direct access to your checking account balance.

Remember: Sharing your bank routing and account number carries inherent risks. Only do so on trusted websites and be cautious of unsolicited requests for this information.