I am trying to set up my shop to accept bank transfers, since it is quite a usual way for europeans to do transactions and I am familiar with this process. My question is, what is a "routing number"???
I know what an IBAN is, I know what a swift code is, but I have never encountered the term routing number.
From what I read at Wikipedia, it is a bank code used in the United States. Do european banks have one too? I cannot come up with any info on this, no information on my bank's site besides the usual SWIFT and IBAN codes.
Any insight on this would be highly appreciated. Thank you!