Do you want to ensure payment accuracy as a developer? You should use this API!
To create sales is e-commerce’s primary objective. However, if these sales don’t result in money in the bank, they are worthless. Without the ability to successfully accept payments, you cannot raise your revenue. Payment gateways come in a wide variety of forms, each with unique features and advantages. You should take into account the characteristics that are most significant to you and your clients when selecting a payment gateway for your website.
If you are a business owner, you may frequently encounter problems with customers who do not pay their bills. This can be extremely frustrating, as it can take time and money to collect the money that is owed to you. Fortunately, there is a way that you can prevent this from happening in the future: a Banking Information API. An API like this one is a service that allows you to check the status of a bank account. This can include things such as whether or not an account is active, whether there are any holds or restrictions on the account, and whether or not there are any unpaid charges or fees. This can be a useful tool for businesses that frequently deal with customers who are located outside of their country.
In this case, it is possible that the customer’s bank account has restrictions placed on it by their local bank. This can result in problems when trying to make payments, as the money may be returned due to these restrictions. However, if you use an API, you can avoid this problem by ensuring that the account is active and able to make payments before making a payment.
If you’re looking for the best API for checking bank accounts, we recommend the SWIFT – IBAN – Routing Bank Checker API.
SWIFT – IBAN – Routing Bank Checker API
Developers now have a quick and easy way to verify and retrieve data on SWIFT codes, IBAN codes, and routing bank numbers thanks to the SWIFT-IBAN-Routing Bank Checker API. Using this API to quickly evaluate and confirm the quality of banking information could speed up financial transactions and lower error rates.
This API’s capability to verify the validity of SWIFT codes is one of its primary advantages. To ensure that money is transmitted to the right person, SWIFT codes, which are used as unique identifiers to facilitate international transactions, must be accurate. You can rapidly verify the legitimacy of SWIFT codes using the Bank Codes Lookup API, ensuring that money is always sent to the appropriate location.
All You Have To Do To Utilize It Is:
- Go to SWIFT – IBAN – Routing Bank Checker API and simply click on the button “START FREE TRIAL” to start using the API.
- After signing up in Zyla API Hub, you’ll be ready to start using the API!
- Employ the different API endpoints depending on what you are looking for.
- Once you meet your needed endpoint, make the API call by pressing the button “test endpoint” and see the results on your screen.
This API provides access to the “Routing Bank Checker,” “IBAN Code Checker,” and “SWIFT Code Checker” endpoints. Choose from among them the one that most nearly matches your requirements for what you’re looking for. How the “IBAN Code Checker” will work is shown in the following illustration:
{
"status": 200,
"success": true,
"message": "PT50000101231234567890192 is a valid IBAN",
"data": {
"iban": "PT50000101231234567890192",
"country": "Portugal [PT]",
"sepa_country": "Yes",
"checksum": "50",
"bban": "000101231234567890192",
"bank_code": "0001",
"branch_code": "0123",
"account_number": "12345678901",
"check_digit": "92",
"bank_details": {
"swift_code": "BGALPTTGXXX",
"bank_name": "BANCO DE PORTUGAL",
"branch": "SISTEMAS DE PAGAMENTOS",
"address": "AV. ALMIRANTE REIS, 71 EDIFICIO PORTUGAL",
"city": "LISBON",
"zip": "1150-012"
}
}
}
As you can see, the response demonstrates that the IBAN number and bank information are correct and from Portugal.
Another crucial element of financial transactions is the routing bank number, which you can rapidly verify with the aid of this API. In the US, financial institutions are identified and transactions are handled using routing bank numbers. You can lower the chance of errors and make sure that transactions are executed promptly and correctly by utilizing this IBAN Codes API to validate Routing Bank Numbers.