Sold something to them and this is what I received today in an email:
"In order for us to process the ACH payment into your bank account, please fill in your routing and account numbers by clicking the secure link below. Please double check your payment details before submitting."
I know they are a reputable company, but I am feeling a little apprehensive about giving them this info. Would like to hear your opinions and/or experiences when selling to them.
Tony
htbrown
Loc: San Francisco Bay Area
If you're paying by check, this is all information printed on the check. It's how they can identify your account to the bank, and without it, they cannot process a claim against your bank account. Any time you write a paper check, you're handing over this information.
If you're not paying by check or using a direct payment from your checking account, they don't need this info.
Find their number and contact them directly by telephone? Send them a PayPal invoice? I also have a small account separate from everything else that I use for security in online transactions - successful fraud would net at most a couple hundred.
htbrown wrote:
If you're paying by check, this is all information printed on the check. It's how they can identify your account to the bank, and without it, they cannot process a claim against your bank account. Any time you write a paper check, you're handing over this information.
If you're not paying by check, they don't need this info.
He's being paid, not paying!
I have dealt with them for years. This is how they pay. I have received payments directly to my account and never had a problem.
htbrown
Loc: San Francisco Bay Area
quixdraw wrote:
He's being paid, not paying!
So they need this info to do a direct deposit. Alternative would be to have them write a check.
bdk
Loc: Sanibel Fl.
if you are worried you may be scammed by someone other than the company contacting you. Then just call them on the phone, give them the info then. OR
go to their website and find your way to the correct area to get paid....
htbrown wrote:
So they need this info to do a direct deposit. Alternative would be to have them write a check.
They don't issue checks...I've dealt with them and never had a problem with them using my bank and routing number...you'll be happy!!
TonyF wrote:
Sold something to them and this is what I received today in an email:
"In order for us to process the ACH payment into your bank account, please fill in your routing and account numbers by clicking the secure link below. Please double check your payment details before submitting."
I know they are a reputable company, but I am feeling a little apprehensive about giving them this info. Would like to hear your opinions and/or experiences when selling to them.
Tony
This method of making payments and receiving direct deposits has been a standard for more than 20 years. It allows them to include what would otherwise be a substantial PayPal fee in what they pay to you. It is a normal way for reputable companies to transact business.
As stated above, you are not sharing any more information than if you were sending them a check.
htbrown wrote:
So they need this info to do a direct deposit. Alternative would be to have them write a check.
They do not send out checks. I have dealt with MPB a few times and they have treated me very fairly, The last time I sold something to MPB they paid me more than they had offered. I do have an account I use internet money transactions but MPB has a good reputation.
I have dealt with them for years. This is how they pay. I have received payments directly to my account and never had a problem.
MadMikeOne
Loc: So. NJ Shore - a bit west of Atlantic City
TonyF wrote:
Sold something to them and this is what I received today in an email:
"In order for us to process the ACH payment into your bank account, please fill in your routing and account numbers by clicking the secure link below. Please double check your payment details before submitting."
I know they are a reputable company, but I am feeling a little apprehensive about giving them this info. Would like to hear your opinions and/or experiences when selling to them.
Tony
FWIW, we opened a checking account to use in situations such as this. We keep a very small balance in that account and transfer any payments into that account to our "regular" account.
Did you request payment via direct deposit? That would be the only legitimate reason for them to ask for that information.
Yes, they need that info in order to send your money to the correct bank (routing number) and correct account (your account number). The IRS uses the same type of information to pay income tax refunds (and stimulus payments) via direct deposit. If you are uncomfortable with the situation, I suggest you check the header information on the email message to ensure that it truly came from MPB. And, as the others suggested, if you are still leery, call MPB directly or login to their web site to provide the information, rather than responding to the message.
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