There are many different places that try to sell you on their bin database bank identification numbers, but not all of the companies out there are comparable.
It can get rather complicated when you look at whether a company is right for your business. How many parameters each one checks in verifying their offerings is one area of importance. Frequency of updates to the database is another. Also, the sheer volume of records is important, but it must not be the only point of comparison that you turn to when making a decision. Still, if you want to know who has the most bin database numbers in terms of volume, just do a side by side comparison.Bin2Country and BinBaseWith Bin2Country, you get around 220,000 while BinBase delivers 234,000. These numbers may be in a constant state of change, but you can generally tell the comparability based on how often each one updates. BinBase checks and rechecks its database six to eight times per year, so it is more likely to add at a faster pace, hence the 14,000 additional records that you see. However, comparing it to larger companies that don't update as often - FraudAssets and BinDataSet to be exact - it's not the only factor to consider. BinBase updates at half the rate as BB.ExactBinsA relatively new player in the game is ExactBins. This company has the smallest amount of records available at just 190,000, but it also makes it easy for you to check card type - be it credit, debit, prepaid, or gift - with relative ease. As resources continue to improve you can bet that EB will catch up to BB and B2C pretty soon. FraudAssets and BinDataSetThe big players when it comes to the size of their databases are FraudAssets and BinDataSet. While FA has a slight advantage with 353,000 records versus 352,000 for BDS, the competition is a fierce one and both add at about the same rate. The one area where these two differ greatly is cost. To run FA, it costs about $1,200 to set up and $300 per year to maintain, while BDS runs $475 to set up and $200 per year to maintain. With that being said, it's hard to determine which is the best for your business, because quality of a company goes well beyond the volume of bin database numbers that it carries. Before you make a decision, consider the forms of payment that you accept and weigh that against everything that each service offers. Don't get tunnel vision and focus on just one element such as the number of records available. Be discerning, and don't pay for anything that you won't end up using to improve the security of your business.