I cannot see why when I want to buy something over the phone or on the internet some companies, (Simply Be, Ambrose Wilson), insist that I open a credit account with them and have to give a lot of personal information. All I want to do is buy the goods and pay for them at the point of sale. Do they sell on all the information for extra profit!
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✅ Answers
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It’s not so much that they might sell your subscriber information (if they do it will be listed in their Privacy Policy), by having you sign up for an account they can contact you in the future about other items that might interest you.
It also allows you to save your payment information so future purchases are much easier to complete. You do not have to re-enter payment and shipping information.
You can usually opt out of future notices if you desire. Home Depot is a good example from my experience. I get emails when they have a sale, and I usually get discount coupons as well.
Source(s): experience
One word: Marketing. If they can get an idea of what kind of person, crafter, knitter, etc, you are, they can send marketing offers to you. They may sell or rent their contact info to other companies but that will be listed in their privacy notice. Really, they want to get the info about you to be able to market to you. I did this with a well know bead company (Burning Hill, I think…LOL) and, even though I haven’t ordered from them in 3 years, I regularly get catalogs in the mail, notices of sales, & even emails.
If you just want to use a debit card for a one time purchase, buy a prepaid debit card, register it online with false info & use the same info for the company. This way it doesn’t have to bother you. If you decide you like the products, service, etc. you can always sign up with the correct information later. I do this a lot.
Source(s): Personal Experience
Most companies do not want to take debit cards as they can get burned if you overdraft your checking account. Many process the order first then bill later and they do not get instant approval.
With a credit card, they get paid even if you go over your credit limit. It guarantees them payment.
Hope this answers your question.
FYI: did you know that many gasoline stations do not post debit card purchases for up to 30 days. If you do not keep an up to date record of your account, you could find yourself suddenly overdrawn later on because you forgot about that debit purchase!