Are you trying to find a good API to reduce payment errors? We have a recommendation for you!

A customer’s payment is considered to be an error if the card information provided is invalid or insufficient. A charge can also be considered an error if the transaction was declined because the cardholder did not have enough funds or if the transaction was denied because it was flagged as potentially fraudulent. The merchant is responsible for any payment errors that occur as a result of their own actions. For example, if a merchant fails to transmit the correct amount or fails to collect the correct amount from the customer, this is considered an error on their part.

If you need to reduce payment errors, you can use an API. A Banking Information API verifies the validity of an IBAN and returns additional information about the bank that owns the account. You can use the API to determine whether an IBAN is valid and to get more about the bank that controls the account. To prevent mistakes, you can additionally validate payments.

There are several ways you can help avoid payment errors. First and foremost, make sure to double-check all of your information before submitting a transaction. This includes both your own information and your customer’s information. Also, make sure that you have entered all of your information correctly. If you notice any errors, fix them immediately before submitting your transaction. Also, be sure to check your account balance before submitting a transaction.

This will ensure that you do not overspend or overdraft your account. Finally, be sure to submit your transactions on time. If you submit your transactions late, they may not be processed by the deadline and may be considered invalid.

The SWIFT-IBAN-Routing Bank Checker, in our opinion, is the best API to reduce payment errors.

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 verify the correctness of banking information could speed up financial transactions and lower error rates.

In addition to validating SWIFT codes, the API also provides access to IBAN codes. IBAN codes are used in Europe and other parts of the world to identify bank accounts for international transfers. By using the Bank Codes Lookup API, you can quickly verify the accuracy of an IBAN code, reducing the risk of errors in financial transactions.

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.

The “Routing Bank Checker,” “IBAN Code Checker,” and “SWIFT Code Checker” endpoints are accessible through this API. Pick the one that most closely satisfies your specifications for what you’re looking for from among them. The sample below demonstrates how the “IBAN Code Checker” will operate:

{
"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 proves that the bank details and IBAN number are accurate and from Portugal.

The routing bank number is another essential component of financial transactions, and you can quickly verify it with the help of this API. Routing bank numbers are used in the US to identify financial institutions and manage transactions. By making use of our IBAN Codes API to validate Routing Bank Numbers, you may reduce the likelihood of errors and ensure that transactions are carried out promptly and correctly.