Virtual cards are an essential tool for any arbitrageur. However, "essential" doesn't necessarily imply "clear": you don't have to understand how cards work to use them, after all, right? Actually, that’s not always the case.
When we open a new “GEO,” we say that we have new BINs — but, as it turns out, not all of our users know what those are and why we just don't use the good old term GEO. We're doing this for a reason, because BINs and GEOs are two completely different things, and understanding their differences would be helpful to any arbitrageur.
What are BINs, in general?
BIN is a bank identification number. Simply put, it’s a sequence of numbers by which you can understand who issued the card (bank/eminent), what type of card it is and what benefits it provides to its owner. Put simpler yet, it’s the first six digits on any bank card, whether it’s physical or virtual.
The card's BIN can be easily checked online on special websites. They will tell you all the background information about the card, its issue and features, which is useful for confirming and processing payments, cashless settlements between companies, etc. But virtual FlexCard cards cannot be run through the checker, as they are issued as advertising cards from the get-go.
What is important to know about BINs?
As we have already said, a good arbitrageur should not only distinguish between GEO and BIN, but also understand how to work with the latter. “But arbitrageurs don't interact with BINs directly,” you may object — and you would be right. However, the success of your linking a card to different online platforms depends on the correct definition of the BIN you need to use, so you can't ignore its existence.
The offer’s GEO, the GEO of the ad account, and the BIN of the card should all ideally match; otherwise, the platform may suspect you of suspicious activity. It’s also important to consider the specifics of the platform you are working with: for instance, Facebook is extremely favorable to cards issued in North America and Western Europe, but it doesn’t trust Asia-issued cards much.
FlexCard offers over a dozen BINs in USD and EUR: USA, Spain, Brazil, Estonia, UK and others — all just one click away. Order your brand new virtual card today and enjoy all the benefits with FlexCard! 💚
When we open a new “GEO,” we say that we have new BINs — but, as it turns out, not all of our users know what those are and why we just don't use the good old term GEO. We're doing this for a reason, because BINs and GEOs are two completely different things, and understanding their differences would be helpful to any arbitrageur.
What are BINs, in general?
BIN is a bank identification number. Simply put, it’s a sequence of numbers by which you can understand who issued the card (bank/eminent), what type of card it is and what benefits it provides to its owner. Put simpler yet, it’s the first six digits on any bank card, whether it’s physical or virtual.
The card's BIN can be easily checked online on special websites. They will tell you all the background information about the card, its issue and features, which is useful for confirming and processing payments, cashless settlements between companies, etc. But virtual FlexCard cards cannot be run through the checker, as they are issued as advertising cards from the get-go.
What is important to know about BINs?
As we have already said, a good arbitrageur should not only distinguish between GEO and BIN, but also understand how to work with the latter. “But arbitrageurs don't interact with BINs directly,” you may object — and you would be right. However, the success of your linking a card to different online platforms depends on the correct definition of the BIN you need to use, so you can't ignore its existence.
The offer’s GEO, the GEO of the ad account, and the BIN of the card should all ideally match; otherwise, the platform may suspect you of suspicious activity. It’s also important to consider the specifics of the platform you are working with: for instance, Facebook is extremely favorable to cards issued in North America and Western Europe, but it doesn’t trust Asia-issued cards much.
FlexCard offers over a dozen BINs in USD and EUR: USA, Spain, Brazil, Estonia, UK and others — all just one click away. Order your brand new virtual card today and enjoy all the benefits with FlexCard! 💚