You might’ve known about credit card checkers online. Their sole purpose of existence is to check if the card whose number you have put in is active and legit. However, the card checker bonanza does not stop there. So, its BIN checker for today. What might be a BIN and how are you supposed to check whether the card is live or dead through a BIN number. We take a look,
First of all, BIN is a number that is used by merchants and online stores and marketplaces like Amazon to verify that the card number being entered for a purchase is legit or not. Like credit card checkers themselves, BIN checkers go a long way in validating and verifying a customer or borrower’s credit card and whether they are actually issued by the bank itself. They are primarily used to safeguard an online establishment against credit card fraud or fake credit numbers that could potentially lead them to a loss.
As it is always with online card checkers or number checkers, there are two types of sites on the internet which provide checking services for people; one is of the paid type and the other is of course, the free BIN checker live or dead tools. Details aside, it is obvious that the safe choice would be to go for the paid one, since it is less shady, shoves less adverts into your face and is the least likely to store your number online where it can fall prey to hackers.
What is a BIN Number?
A BIN number stands for Bank Identification Number, which does exactly as stated. While it may seem pretty far-fetched that a number could identify a bank (snuggle in the entire 16-digit number on the face of a credit or debit card), but that is actually true.
The numbers you thought were totally random are actually a set of highly modernized and regulated digits, with each and every single digit carrying its own meaning and denoting a particular information. And yes, each number is unique to every card, meaning no two cards even of the same subscriber carry the same digits.
Bank Identification Numbers, to make it easier for readers to understand are the 16 digits on the face of your card. These 16 digits are all relevant to the international banking system and a breakdown of the number will reveal that they are more systematic than people usually think they actually are.
Consider this 16-digit number: 4321-5678-9012-1234. This will be the BIN of the card whose face bears this number. The first digit is called the ‘system number’, while the next six digits are called the ‘bank number’. The next eight are the ‘account numbers’ and the final, last one is called the ‘check digit’.
Overall, this 16-digit number is the BIN of the card.
BIN Checker- Live or Dead Card
Now that it is explained what is a BIN number, there are a lot of BIN checkers online which can check if the number you just entered is from a card that is functional or non-functional, also known as a dead card. These BIN checkers use an international database managed by banks themselves to check whether the card is live or dead.
As for the process that goes into BIN checkers which are the internet’s main way of checking out credit cards, there are mainly two types of BIN checkers offering their services online.
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Free BIN Checkers
Free BIN checkers are the most common number checkers on the internet and while some of the service providers are actually good enough, the majority of free online BIN checkers provide sub-par services that are more likely to hand over your fiscal data and confidential credit card numbers to hackers on the internet, who can then have a party at YOUR expense.
Of course, as a rule of thumb, you do not put your credit card information on unverified sites on the internet and these free BIN checkers should be no different.
Paid BIN Checkers
Paid BIN checkers are services that require a small fee to be paid before getting your card information. These are the preferred BIN-checking services; sites like Signified are secure and reliable enough that you can put your card’s BIN number on it and it won’t divulge information or store that number in an easily-accessible server. These paid BIN checkers are safe to use.