Role of Credit card Bins, and their importance in funding an Advertising account, is very important. once we understand the basics of this, we can pick up a card for funding an Advertising account for google & bing, in correct way.
In the context of credit cards, a “BIN” (Bank Identification Number) refers to the first six digits of a credit card number. These digits identify the issuing bank or financial institution that issued the card.
The BIN is used by merchants and financial institutions to verify the authenticity of a credit card and to ensure that the card is valid and can be accepted for a transaction. BIN information is also used to help prevent fraudulent transactions, as it allows merchants to check that the country of the issuer matches the location of the customer.
Each BIN is unique and corresponds to a specific bank or financial institution. By analyzing the BIN, merchants and financial institutions can determine additional information about the card, such as the type of card (e.g. credit or debit), the brand (e.g. Visa or Mastercard), and the level of the card (e.g. standard or premium).