What is a Banking ID Number (BIN)?

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kerioner greatter 05 Jan 2022

What is a Banking ID Number (BIN)? What is a Banking ID Number (BIN)?

A Bank Identification Number (BIN) is the first six digits of a credit card number that identifies the issuing bank, card brand, card type, card level, and country of a credit card. To begin bin card lookup, enter the first six digits of your bank card number (BIN) and press “Search”. You will see the information on the screen
Merchant point-of-sale systems use this information to verify whether payments are being sent from an authentic account and to also identify which type of card you have. In other words, it's how credit cards are identified in the payments industry.