How To Read Card Bin Numbers

Every credit or debit card as well as gift cards or other types of electronic money stored on cards will have a bin number

. The card bin numbers are a specialty service which can be used to access a variety of information about a certain card. Each card will have a bin number that constitutes of the first 6 digits on the card. These digits will contain information about the card which can be useful towards preventing fraud and verifying payments. The card bin numbers will generally display information about the following:

Issuing Bank -The bank which decided to allow the buyer to borrow or spend their money electronically. The issuing party can also be a lending institution or other private institution which has become part of the government regulated system for card issuers.

Card Brand - This is the branding on the card. There are many brands available for cards to be created under but the most common are American Express, MasterCard and Visa. These are accepted by a wide variety of vendors and are essential in making specific types of purchases.

Card Type - This is the type of which the card is classified under for making purchases. The basic classifications are standard, gold and platinum. Other classifications exist and will usually represent a specialized option that is only available with certain institutions.

Miscellaneous - There may also be other information provided about international standardizations for certain things. It is not uncommon to find card bin numbers originating from a wide variety of locations, especially if your business caters to the global marker.

Reading Card Bin Numbers with a Bin Tool

There are several ways in which card bin numbers can be read. Manually is possible but that will require a lot of skill is deciphering what the card bin numbers route towards. The first number and second number within the card bin numbers is usually the industry and brand markers for the card. The remaining 4 digits on the card bin numbers are used to make a combination for a specific profile that can be found.

To simplify this process, the card bin numbers can be entered into a specialized search option. Whenever there is information available on card bin numbers, the search will provide any available information that could be used for verification purposes. Any time that the card bin numbers do not match within the system or simply do not exist in the global registry of card bin numbers, then the card can be considered a non valid form of payment.

Many businesses will use a credit card processing service through a merchant account. Many of these accounts will only accept certain brands of credit or debit card. If the card bin numbers denote a card that belongs within a certain brand but not covered by the transaction services, then the card will simply be declined. By ensuring that the information provided by the customer is correct, the card bin numbers can be used as means to verify electronic sales of their goods and services.

by: Gen Wright

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