Are you thinking of using a system to validate bank transactions? Would you like to know the benefits of using a Transaction Validation API? Well, in this post, you will find a well-detailed summary of the main advantages of using a system like that. Check out the post!
Currently, there are 2 main means of electronic payment to purchase services and/or products via the Internet, debit cards and credit cards. The first is a means of payment, a way to pay for products and services. The debit card is linked to a bank account. One of its main features is that when paying, the amount is automatically debited from the related account. Automatic debit payment should not have an additional amount or surcharge and is generally required to be accepted as a form of payment by all businesses.
Instead, the credit card is a payment instrument that is managed by a financial institution or a credit card issuing company. One of the characteristics of this means of payment is that they offer the possibility of paying in installments. Unlike the debit card, the funds to be used at the time of making a purchase do not have to be previously deposited. This amount can be paid in whole or in part and the outstanding debt accrues interest. For this, the entity sends a summary with all the transactions carried out, the due date and the amount owed.
To buy online, it is possible to use both forms of payment to buy products and services. However, the business is also at risk of unknowingly accepting a false or invalid card. To avoid this, many use the Transaction Validation API, which improves the security of payment platforms. And one of these platforms is Credit Card Validator – BIN Checker API. Learn here the benefits of using a system like that.
The benefits of using Credit Card Validator – BIN Checker API
Credit Card Validator – BIN Checker API is the most modern and updated system with the latest technologies against cybercrime. Currently, many important companies implement this service in their payment platforms. In fact, incorporating this system into payment platforms is the main use of this system. If you ask the developer to do it, you will be able to have your payment platform connected to the Credit Card Validator – BIN Checker API.
To be able to do this, use the first 6 numbers of the customer’s card. With only those 6 numbers, you will be able to find out data such as CC validity and additional information about the bank and entity. By only using the first 6 numbers, the customer’s card is completely safe. In any case, Credit Card Validator – BIN Checker API uses the security system provided by Stripe company.
In addition, it could also be useful if you wanted to accept or validate promotions. For example, if you have a promotion for clients of the BBVA bank, with this system you will be able to know whether or not the buyer used a BBVA bank card. In this way, you can authorize or not the offer. It also has more uses, if you want to find out, we recommend you access the webpage and read more in the site’s documentation. If not, there is also the possibility of accessing a virtual chat and solving all your doubts.