If you need to make an online payment but you don’t trust the bank account to which you have to deposit, try this tool. You will receive all the information regarding that account in instants, find out all about it in this post!
When you have to transfer money, either to make a payment or a deposit for a product or service; it is normal for the buyer and seller to share bank details; in order to ensure fast transfers that speed up the sales process.
This type of situation often leaves us uncovered to potential scammers who seek to keep our money; by falsifying the real accounts to which to send the money or even appropriating your bank details.
That is why the best way to be safe is to be able to check that the account to which we are going to send money is safe; and to achieve this there are several ways: the first is always to buy on safe and official platforms; the second is always to check the data that we are going to use to make the payment and do it again with the seller.
And finally, if we continue with doubts; the last option would be to call the bank where the registered account is and ask if the data that were provided to you are valid or not. However; this last option is by far the longest; and sometimes difficult since the banks do not attend every day and at all hours. That is why there are APIs that allow you to check the IBAN of a bank account to see if we are dealing with a possible scammer.
How Does The IBAN Registry Work And What Is It For?
The IBAN is made up of up to 32 alphanumeric characters, including a country code, two verification digits; and a long and detailed bank account number that is used for bank transfers. The IBAN structure is defined by the international standard ISO 13616-1:2007; and the verification digits are checked using the MOD 97 standard (ISO 7064). Individual countries and the format used are described in ISO IBAN registration examples.
The validation of payment information also includes another key step in banking validation, the conversion of IBAN codes to BIC codes. To summarize, it is the ability to determine the correct BIC code based on a specific IBAN number.
And APIs are the perfect tool to carry out these tasks since they allow you to do them automatically through the internet, without having to call bank branches; and in turn, they work every day of the year, twenty-four hours a day.
That is why we recommend you use the services of this API so you can check all bank accounts and avoid future scams, try it today it is very easy to use!
Don’t Get Scammed, Use This API Today!!
With IBAN Validator API, you can validate any bank account information (IBAN, BIC/SWIFT, and BBAN) programmatically. It will get the IBAN and offer validation to you if the number is correct.
You can also access further information on the bank, giving you more information about where the account is located. It will validate any number from any Euro country and can also generate IBAN.
IBAN Validator API is also useful for easily converting BBAN numbers to IBAN. If you need to give someone outside your nation your bank information, they will need IBAN, so you will automatically generate these numbers for them. More importantly, if any taxes apply to your transactions, you will be notified ahead of time.
Related Post: Check This IBAN Validator API For Your Company!
Also published on Medium.