by Sarah Cage
Nowadays, the payment of goods and services in the business world has become easier and quicker.
Contents
The ease in the payment of goods sold to customers by merchants is because of the use of technology to speed up the payment processes. This has become possible due to the introduction of a credit card. With the credit card, you can pay for the goods you purchased from the comfort of your couch. Also, merchants can establish online stores to attract patronage from customers from different parts of the world.
A credit card is a payment tool that has different components on it. Each of the components in the credit card performs a specific function that is unavoidable when processing a payment. These include the card number, expiry date, card verification value (CVV), magnetic stripe, and other important details about the bank or financial institution, which is the issuer of the card. On the card number, you can derive a lot of information. This information includes the type of card you have, the account of the card, and many more. One of the most useful sets of numbers on the card is the first six-digits. These first six-digits is known as the bank identification number (BIN). The BIN provides a lot of information to the merchant that accepts credit cards as a payment method. Hence the BIN must be valid and verified. Just as the BIN number is vital to the cardholder and merchants, accessing an efficient BIN checker is vital to all online merchants. With the BIN checker, they can avert fraudsters and money launders. Considering the importance of BIN and BIN checkers to cardholders and online merchants, it is essential to discuss elaborately on BIN and BIN checkers. With that said, today, I will be telling you all the information you need to have about BIN numbers and the best online BIN checker services you can use as a cardholder or merchant.
The Bank Identification Number (BIN), also referred to as the Issuer Identification Number, is a unique digit that included in a credit card to protect the consumers and merchants in the online marketing world. It is present in the credit card, gift cards, debit cards, stored-value cards, and many more. BIN number is the first four to six digits on a card issued by the bank or financial institution. The BIN numbers in the card reveal the i dentify the type of card, geographical region of the issuer, country of the issuer, category of the card, and the identity of the bank or financial institution that issued the card to you.
The international organization introduced the bank identification number (BIN) and other identification number systems to maintain the standard and check frauds. The number system was introduced to validate and verify various numbers of essential tools. An example of these tools is the payment card called credit or debit card. To date, the BIN number is used to verify and validate the authenticity of a payment card. The step of validating the authenticity of the credit card before payment is authorized and cleared is important so that merchants can avert fraud and insufficient fund issues. The BIN number is the first four to six digits on the payment card. The first digit of the six numbers is the major industry identifier (MII). With MII, you can easily identify the bin base or category of the issuer. Either is a bank, travel, or airline. The next five digits on the card identify the issuer's institution - which may either be a bank or financial institution. Once the information about the issuer's identity, type of card, card level, and other information about the card has been revealed, the payment process can be declined or authorized and cleared so that the payment can become successful.
BIN Checker is an efficient tool that is designed for individuals that desire to verify the validity of credit cards before they are used for payment processes. The tool is vital for all online merchants that accept credit cards or other forms of payment cards as their payment method. With the BIN checker, merchants can check the authenticity of the credit card before payment is processed and cleared. The BIN checker first scans the BIN number of the customer's credit card. It then verifies the authenticity of the BIN number. After verifying the BIN number, it is checked for validity. If the credit card is valid, the payment process will proceed and become completed. Peradventure the BIN number is not valid - the credit card will be rejected.
After the BIN checker has rejected the credit card, it will search for the BIN number of the card in its huge BIN number database. The information obtained from the BIN number database is displayed to the merchant so that it can be matched with details submitted by the customer. The details revealed by the BIN checker database include the card type, issuer's name, card number, currency, and the card-issuing country. If the information is not correct when compared with that submitted by the customer, the credit card can be adjudged to be fake. Hence, the merchant can conclude that the customer is a fraudster.
In our world today, fraud has taken center stage. Fraudulent activities have extended to the business world. One of the effective ways of curbing these fraudulent acts is the use of a BIN checker. With the BIN checker, you can secure your website and business from all forms of fraudulent acts. You can do this by integrating the BIN checker API into your e-commerce website. With this, you can easily detect when the customer has an insufficient fund or has entered invalid credit card details.
The table below summarizes the features of the BIN checkers.
| BIN Checkers | Features |
| Free BIN Checker |
|
| Bank BIN List |
|
| IIN BIN List |
|
| BIN Checker |
|
| Exact BIN |
|
If you desire to use a BIN checker with a huge BIN number database, Free BIN Checker is the right platform you can visit. The BIN checker platform has an elegant interface that is user friendly. Free BIN Checker has over 600000+ BIN number in its database. Because the BIN checker platform prioritizes the safety of your business, it updates its database consistently so that you can access efficient and effective BIN checking services. As an online merchant or business owner, you are granted free access to integrating its API into the payment system of your website. Free BIN Checker protects the privacy of consumer's credit card details by deleting data entered after the verification process has been completed. The BIN checker platform only accepts the first six digits on the card. The BIN checking services of Free BIN Checker is free of cost. Also, it produces an accurate result.
Bank BIN List is a fantastic online BIN checker that provides dual checker services to its users. The BIN checker platform has a well designed and straightforward to use interface. With Bank BIN List, you can detect the location of your customer through the use of an efficient IP. The BIN checker platform also verifies and validates the BIN number on your customer's credit card. Bank BIN List has more than 300000+ BIN numbers and 10 million IP addresses in its database. The database of the BIN checker platform is updated consistently for efficiency and effectiveness. Bank BIN List provide API services to e-commerce and other websites. The BIN data generated on the BIN checker platform can be exported as PDF or Doc file. Also, you can use the Bank BIN List advance checking services to verify and validate credit cards. All you need is the card vendor name, level of the card, type of card, and issuer country.
IIN BIN List is an excellent BIN checker website that has one of the largest BIN number databases. The site is well designed, neat, simple, and has an easy to navigate interface. With IIN BIN List, you can secure the payment processes for your business. The BIN checker website has over 340000 BIN number in its database. To use IIN BIN List, you will need to input the first 6 - 8 digits of the client's card number. Then it displays all the information about the credit card. This information includes the card network, card level, card number, card type, issuer's country, and bank name. IIN BIN List allows merchants to integrate their API to the payment system to your e-commerce website. All verification proceedings with IIN BIN List take few seconds to become completed. IIN BIN List offers website owners efficient open-source javascript services.
BIN is a well-organized website that has an excellent database for easy correlation of all BIN numbers on the credit cards of clients. The efficient database of the BIN checker platform is updated daily. The information given about the credit card checked is valid and accurate. Merchants can integrate their API to their e-commerce website. With BIN Checker, you will never record fraudulent transactions.
Exact BIN is another excellent BIN checker platform that offers its users excellent BIN checking services. The site is known for its high accuracy in its BIN checking services. With Exact BIN, you can access the updated library of BIN numbers. When you use Exact BIN to verify and validate a credit card, it will display all information about the credit card. Also, you can use the BIN lookup of the Extract BIN to acquire information like the card brand, card type, and the card subtype.
Today, I have discussed the best online BIN number checker. You can try out any of the BIN checkers discussed, and you will be glad you did so.
About Sarah Cage
Sarah Cage is an accomplished education writer known for her insightful and engaging work in the field. With a passion for empowering students and teachers alike, she has made a significant impact through her thought-provoking articles and research papers.
 |
 |
 |
 |
Popular Posts
