Facebook BIN Number

Having a BIN is crucial for running ads on Facebook because without it, you'll incur an additional 17.25% in charges.

In business, it's challenging to even make a profit, let alone lose 17% due to not having a BIN, which further increases the loss to 17.25%.

Let's break down the calculation:

Facebook deducts 15% VAT on the original bill, and then the Bangladesh Bank deducts another 15% on the total amount charged by Facebook.

This means, for a $100 bill, Facebook will charge $115, and the Bangladesh Bank will deduct an additional $17.25.

The total bill amounts to $132.25. So, for a $100 ad, you end up paying $32.25 in VAT if you don't have a BIN.

However, if you do have a BIN, Facebook won't deduct any VAT, and only the Bangladesh Bank will deduct 15%.

This means, for a $100 ad, Facebook will charge $100, and the Bangladesh Bank will deduct $15.

The total bill comes to $115.