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by eduardordm
4466 days ago
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Oi!! The general idea is this: IIN is issued to visa branches around the world each branch can only have one IIN. Problem is, visa is not the only issuer of visa cards. Many banks and financial institutions can also issue in lieu of visa and have their own IINs as they please. My visa credit card starts with 2 because it was issued by an airline under a mileage program. I never had problem using it online but most websites won't show the correct card type. Merchants are not charged according to a card type, the charges applied to merchants have nothing to do with visa. Visa is only doing processing service for a bank. Banks are the ones who charges merchants and pay visa a percentage of the fee the bank charges you. Because banks can't handle the volume of merchants, they usually have gateways or other companies to do that for them. My company also issue visa cards and we use the same IIN: 6371. |
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