If you have ever been stung by a fraudulent credit card transaction, then no one need explain the importance of accurate bin database bank identification numbers to you.
However, with the rate that businesses either start up or expand their payment processing capabilities, there may be a lot of you out there who have yet to consider how bin database bank numbers can help. Don't learn the lesson the hard way. Instead, go with something now that will cover you in the event that someone tries to pass off a fraudulent card on you. Protect yourself and your customers with these companies, and you won't have any regrets. BinBaseBinBase is one of the best around, though not quite the most comprehensive. Its 234,000 records offer more than what you will get at ExactBins, but it doesn't come close to FraudAssets. Nevertheless, we are recommending it because of its vigilance in confirming the accuracy of its database. BB uses a surprising 11 data points to arrive at its 234,000 number. It also makes updates more than any other company in the game at an almost paranoid six to eight times per year. It also offers a reasonable value that won't break the bank - in your initial startup year or as you continue to use the service. ExactBinsExactBins is more limited than the other two on this list with just 190,000 records. However, the card type verification is a big draw of the company. Using EB you can know right away whether you're dealing with credit, debit, prepaid, or gift cards. The company is also the cheapest on the list with just a $450 initial setup and an ongoing annual update fee of $200. In return for that you'll get four updates a year delivered in an easy to read and process format.FraudAssetsFraudAssets goes further than its competition, but the tradeoff is that you will pay more for the service than with the other two options. FA does give you 353,000 verified records, and it goes quite far in verification - though not quite as far as the 11 parameters BinBase delivers. Still, you can trust the information that you're getting. Costs are higher than usual, but still affordable - and definitely worth it if you need something that goes the extra mile. Database setup is $1,200 with a $300 maintenance fee annually. Which of these companies that you end up choosing, make sure that you make contact with them first to gauge response times and see which is more attentive to your needs. For the most part the options presented here are considered some of the best in the industry, but each individual experience is different, and you owe it to yourself to be discerning in who you pick.