Identifying Personal and Business BIN numbers

About PSD2 Legislation

A crucial specification of the revised Payment Service Directive II (PSD 2) is that merchant will no longer be allowed to levy fees on payments with private credit cards. Instead, fees will only be levied on business or corporate cards. Previously, there has been complexities of determining processing fees. Moreover, consumers lack knowledge on how the fees were calculated. In effect, some companies have been applying exorbitant processing fee to generate additional revenue.

With the new Directive, consumers will now enjoy the full benefits of paying for online commodities with cheaper, safer and easier electronic payments. It is imperative that no private cards are marked as commercial, and no business cards are marked as private. In fact, it is illegal for merchants to put any fee on private cards issued within the European Economic Area (EEA). On the other hand, failure to put a fee on a commercial card will result in the merchant paying a percentage, which can instead be added to your terms and conditions as the best effort cause.

The revised PSD2 has been in effect since January 13, 2018. The key aim of the directive is to modernize Europe's payment services to offer benefits to both consumers and enterprises in a highly dynamic market. The legislation is a crucial achievement that will enhance the development of mobile and online payment solutions for economic growth. It will offer same rules over the EU while promoting clear information on all payments. Moreover, the legislation will offer fast payments, a wide choice of payment solutions, and reliable protection of consumers. Ultimately, the Directive applies to digital payment services in the European Union that are more cost and risk efficient than cash, and also stimulate consumption and economic growth.

How Can Help offers an extended 6 digit BIN database to help achieve the requirements outlined in the PSD2 legislation. Each record in our database has 14 fields separated with a semicolon, as shown below:


  1. "432733" - BIN,
  2. "VISA" - Card Brand,
  3. "METABANK" - Issuing Organization,
  4. "DEBIT" - Type of Card (DEBIT, CREDIT, or CHARGE CARD),
  5. "BUSINESS" - Category of Card,
  6. "UNITED STATES" - issuing country ISO name,
  7. "US" - issuing country ISO A2 code,
  8. "USA" - issuing country ISO A3 code,
  9. "840" - issuing country ISO number,
  10. "HTTPS://WWW.METABANK.COM/" - issuing organization website,
  11. "1.866.550.6382" - issuing organization phone number,
  12. "19" - PAN length,
  13. "COMMERCIAL" - defines if the BIN is PERSONAL or COMMERCIAL,
  14. "N" - defines if the BIN is regulated or non-regulated.

The above database structure helps merchants to easily distinguish if BIN is personal or commercial while levying fees. Moreover, the information extracted from the extended 6 digit BIN database will inform merchants if the payment service providers of both payer and payee are located within EEA and whether the payment instrument used is within the scope of the Directive. These capabilities is crucial since it helps companies meet the PSD2 legislation requirements. You can read my complete BinBase review.