Osqa.net
Osqa.net
by Rachel Garza
Thanks to the advancement in technology, payment of goods and services have become easy for all buyers. Before now, the payment of goods is made physically. You have to be present in a physical store and make payment with physical cash. This limited the number of customers that patronizes merchants and other business owners.
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With the introduction of credit cards, payment of goods, and services to merchants and business owners has been made easy. With the credit card, you can make payment effortlessly. That said, the credit card has important information like the card number, card security code (CSC or CVV), expiry month and year,and many more. The card number contains between 13 to 16 digits. Out of the 13 to 16 digits comes the first six digits known as the bank identification number (BIN). The bank identification number gives a lot of information when the card number is supplied for payment of goods. Hence, it must be validated and verified before been issued to the cardholder. The importance of the credit card BIN number necessitates the need to discuss all information about it. With that said, today, I will be telling you all you should know about BIN number and the best BIN checker service you can access on the internet.
The bank identification numbers (BIN), also known as BIN code or issuer identification number (IIN), are the first four to six digits that are found in the 13 to 16 digits of your credit card. The BIN is unique digits imprinted on each card by the issuer, which may be a bank or financial institution. BIN reveals the type of card issued to you, your geographical location, and the identity of the bank or financial institution. Also, BIN assists in securing your online payment process.
The payment process for goods and services purchased from online merchants involves two steps, which are the authorization and clearance steps. With BIN, the first step of payment authorization is carried out. At the authorization step, BIN assists the merchant payment system in identifying the issuer. Then the issuer receives notification for authorization and validation of the card. It also confirms if the purchaser has enough money that can cater to goods purchased. All authentication process takes place within seconds. Once all these are validated and certified, the issuer gives clearance for the payment processes to be completed. Since the authorization step is essential in the payment process, most merchants have got payment processors that handle the BIN validation against their BIN database.
Smoother Payment Process
The bank identification number is unique digits that make the payment checkout process smoother and faster. With BIN, you can avoid unnecessary errors and access an increase in payment efficiency. Also, BIN ensures your payment process is adequately secured through its payment authentication process by the card issuer.
Identification of the Purchaser
The bank identification number helps the merchant verify the identity of the purchaser before payment is authorized. With this feature, your money will be safe and secured.
Confirm Inline Validation
The bank identification number (BIN) helps to correlate the card information supplied during payment with the information available to the issuer. It does this by requesting you to enter the type of credit card and the credit card number. If the information is correct, your payment will be approved.
Compliance with Export Laws
BIN digits on your credit card ensure that your payment process complies with the export laws of card issuing country before the payment is authorized.
Saves Time
The BIN digits save you the stress and time because it validates the acceptability of the credit card by the online merchant before the payment is authorized.
BIN Checker
As said earlier, BINs are vital digits that help merchants to detect frauds before payment is authorized and cleared by online merchants. Merchants or business owners can detect the use of fake or credit cards with insufficient funds through the use of the BIN checkers. With the BIN checker, the BIN number of your credit card is first verified. When the BIN number on your credit card does not pass the verification process, the credit card is rejected. The BIN check is done by searching through the BIN number library of the BIN checker used by the online merchant. That been said, if the credit card BIN number is valid and verified, the merchant will get information about your issuer's name, issuer's phone number, card number, card type, card issuing country, and currency used in the country. These details are enough for online merchants to verify the information provided by the purchaser. With these details, you can detect whether the purchaser is a fraudster or not. It should be noted that the BIN checker database must be updated consistently to provide adequate protection to the merchant. Also,
FreeBINChecker is an excellent BIN checker that has offers its users fantastic BIN checking services. The site is simple, neat, and has a user-friendly interface that is straightforward to navigate. When you visit the website, all you have to do to verify the validity of the credit card is to enter the first six digit of the card number in the window provided at the homepage. Free BIN Checker has an updated database with over 850,000 BINs records in its database. Online merchants can integrate the BIN checker into their payment system through the use of API. Once the API integration is done, Free BIN Checker will provide adequate security for you on all transactions. The API performs its BIN checking function by comparing the information provided by your purchasers with that of the database. Then it authorizes the transaction if the credit card number is valid. Free BIN Checker has got you covered irrespective of the type of card your purchasers use. Also, it serves merchants and credit cards from over 150 countries in the world.
Bank Bin List is a brilliant BIN checker that provides excellent BIN checker services to online merchants and business owners. Bank Bin List is easy to use for all merchants. To verify the validity of your purchaser's credit card, you can enter the BIN number in the window provided on the homepage of the Bank Bin List. Then you hit the check icon. With this, you will obtain a result of the authenticity and other information about the credit card. The information provided by Bank Bin List includes the issuer's name, country, card type, and product code card. Bank Bin List has an accurate and updated database with over 300,000 BIN numbers in its library. Merchants can download their BIN data from the BIN checker website in PDF or Doc format. Also, Bank Bin List allows its users to access their API seamlessly. The online BIN checker offers an advanced BIN checker services by providing the level of the card, type of card, and the issuer's country.
IIN Bin List is a fantastic BIN checker website through which online merchants can carry out BIN checks on their purchaser's credit cards. The BIN checker site has a well designed and easy to use interface. With IIN Bin List, you can check the BIN number on the credit card of your customers effortlessly. All you have to do is to enter the first eight numbers in the window provided on the homepage of the site. Next, you hit the check button. Through the check results, you will have information about the card network, card type, bank name, card number, and card country. The information is matched with the BIN data on the IIN Bin List website. The database of the IIN Bin List is updated consistently to ensure its effectiveness and efficiency in a thorough check of BIN number. Apart from the use of the website, IIN Bin List allows its users to integrate API to their websites to detect frauds and authorize payment.
Credit Card Rush is a popular BIN checker that offers effective BIN check services to its users. The website is designed to assist users to check the validity of credit cards easily and quickly. You can check the authenticity of the credit card with the Credit Card Rush by entering the BIN number in the window provided on its homepage. The results obtained are matched with the information provided by the purchaser. The information provided is the card type, card issuer, card number, and issuer's country. With Credit Card Rush, you can access auto-verification services. Also, Credit Card Rush provides BIN check services that are highly accurate, thereby protecting you from fraudsters and launderers.
Exact BIN is a perfect BIN checker for all online merchants. Through the monthly update of its database, the BIN checker offers excellent BIN check services to its users. As a merchant, you can integrate Exact BIN to your payment system. With this, you can be sure of excellent payment security in your online store. When a purchaser enters their card number, it verifies the authenticity of their credit card by comparing it with its database. In this way, you can easily detect fraud.
The table below summarizes the features of the BIN checkers.
| BIN Checkers | Features |
| Free BIN Checker |
|
| Bank Bin List |
|
| IIN Bin List |
|
| Bin Checker List |
|
| Best Bin Database |
|
BIN check is vital to merchants to avert frauds in their businesses. Today, I have discussed all you should know about BIN numbers and various BIN checkers you can use. Please read through and choose the best you can use in your business.
About Rachel Garza
Rachel Garza is a passionate writer with a deep fascination for technology and science. Born and raised in an intellectually stimulating environment, she developed an early interest in exploring the latest advancements and breakthroughs in these fields. Rachel's love for writing and her insatiable curiosity led her to pursue a career as a tech and science writer.
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