Shopping online is the most preferred way of purchasing items globally. It offers people the luxury of ordering their preferred items using their computers and having them delivered at their doorstep. However, if you want to shop online, you need to know all the facts. The commonly asked question by first time online shoppers is, what is billing address? How is it used in online shopping?
For a purchase to succeed, the billing address should match with the card on issuing the bank’s file. When the person migrates to a new location, it is essential to contact the bank, which provided it, to have it changed to match the current area of the holder. The newbies should understand this when analyzing the question, what is billing address?.
What is billing address?
It is an address connected to a particular form of payment, which is usually a debit or credit card. Companies use it in verifying the authorized use of either of these cards. It also acts as a place where the posting of bank statements and paper bills from companies occurs.
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What does billing information mean?
It means any data that allows a person to get access to the consumer’s account, including but not limited to a debit card, checking savings, share or similar account, utility bill, among others.
How to update information
Updating a person’s page allows them to modify and view all the information about their transactions. The option is available on PayPal and Legacy Cyber Cash-direct merchants only. Steps of changing the data are:
- Open your information page. It will show the credit card information used currently, which is in the section of current billing information. The page has a display of your debit card’s last four digits.
- To start updating the information, enter the credit card number and expiration date in the section provided to modify your Billing Information. Ensure you enter only numbers and that you have no spaces and dashes between them. For instance, 4555105190802100.
- Press the update button to save the made changes. Towards the top of the page, a notification box, a grey colour will appear confirming modifications, and you will receive your new billing address number. In case of any errors, a yellow notification box appears indicating the problem.
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Credit card billing address
It refers to your residential location, where you can receive your paper statements. It is legally associated with the purposes of payments. It helps in verifying one’s identity when completing transactions of their debit and credit cards.
How is shipping address different from billing address?
- Meaning: A billing address is the numbers a person gave to their Credit Card Company or bank and is related to a given form of payment. It can also be connected to other various methods of payment for online services. Shipping address, on the other hand, refers to a place where the receiver or buyer would want their goods to be delivered.
- Verification: The verification of the shipping address does not need to be online. A person can do it through a simple phone call or an email. The billing address, on the other hand, has a verification system.
READ ALSO: Difference between billing address and a shipping address
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The payment address
It refers to the office of the holder or similar place as the holder may designate by written notice to borrow from time to time.
Does your billing address matter in online shopping?
The question is usually asked by many online shoppers who wish to know what is billing address used for. Well, it is essential in the following ways:
- It helps to prevent the risk of fraud. They do this by balancing the risk of losses from scams with the lost sales cost if their provided verification services put people off from purchasing.
- It also gives a higher priority to verification of identities depending on what the items cost. They also check the customer’s history according to the provided website and devices used in making a purchase, ensuring customer’s services are secure.
- Some have different verification levels that retailers can use thus avoiding liabilities and ensuring safety.
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How can billing address be changed
These are the steps to start the changing process:
- Writing the new one on the back of your payment coupon is the essential first step. The end of your payment coupon will contain a space for changing your address if you mail your monthly payments manually. Confirm the address box’s change on the front so the individual processing your purchases will know to search for the updated information at the back.
- Contact customer service. It is crucial to call the customer service of the issuer of your credit card using the number at the back to ensure fast changes.
- You can also change it online if you had created one for your debit card. Ensure also to log in and update personal information.
- Use USPS to file a change of the address by using a form obtained from the post office, phone, or email. The step will forward all the statements of your payments and mail. You will, however, be required to use your debit card with your current or old billing address if you filed to change it online.
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Having discussed billing address in online shopping, and its importance, it is debatable that it is one of the most critical factors and an essential requirement when a person wants to purchase goods online. New customers in online purchasing must ensure to inquire on this vital question of what is billing address to avoid future inconveniences.
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