BIN routing
BIN routing optimises transaction success rates by directing payments based on the issuing bank's Bank Identification Number (BIN). Cardflo leverages BIN data to route transactions to the most suitable acquirer or MID. This strategy reduces declines and optimises processing costs for specific card types or regions, enhancing overall payment efficiency.
What you get.
- Route transactions based on card BIN data
- Direct payments to acquirers with higher success rates for specific BINs
- Optimise processing costs per transaction type
- Support for dynamic BIN rule creation
- Reduce cross-border transaction fees
- Improve authorization rates for international cards
Common questions.
How does BIN routing improve authorization rates?
BIN routing improves authorization rates by directing transactions to acquirers known to have stronger relationships or better performance with the issuing bank identified by the BIN. This avoids routing to acquirers that may decline certain card types or regions.
Is BIN routing suitable for all card types?
BIN routing is effective for a wide range of card types, including credit, debit, and prepaid cards. Its utility is particularly pronounced for international transactions or specialised card programs where specific acquirers offer better terms or higher approval rates.
Can I combine BIN routing with other routing rules?
Yes, BIN routing can be combined with other smart routing rules, such as load balancing or failover. Cardflo's orchestration engine processes these rules in a defined hierarchy, allowing for complex and highly optimised routing strategies that enhance overall performance.
Ready for velocity?
Tell us about your business. We'll match you with the right acquiring partners and the right route, typically inside a week.