How will BIN-routing reduce cost for white label payment gateway tenants?

In the summer of 2018, the eComCharge team has enhanced its SaaS white label payment platform beGateway with another functionality. We have added BIN-routing – automatic routing of card transactions to the desired acquiring bank depending on the card BIN (Bank Identification Number). This functionality is part of SMART-routing which the team is planning to implement in the near future.

Thanks to the new functionality, the cost of Internet acquiring for the tenants of the white label payment gateway has decreased on average by 0.6%. It is because processing companies can now direct payment card transactions for processing to the acquiring banks for which these transactions are Intraregional, Domestic or even On-us. Read more…