Advantages Of A Bin List For Payment Processing

In today's technological era, it is very common to carry out all the transactions through credit or debit card

. As the phenomenon has eased the shopping and purchasing aspects, it also raises the number of credit card frauds through online transactions. However, we can avoid such frauds with the help of BIN list and BIN checker. A BIN is an identification number consisting of 6 digits. You can compare the BIN of a credit or debit card with an available BIN list to check the authenticity and validity of the card.

A BIN list contains the complete information regarding the card in question. Whenever a person conducts a bin list search, it returns the data containing information about the particular card. You can search a bin list for visa, master, American express or any other credit card, debit card and gift card. A bank identification number bin list has a number of advantages other than checking the validity of a given card. With the help of a BIN list, you can check the type, issuer and the category of the credit card in question.

A BIN list is used along with a bin list checker. A bin list card checker is a tool or software that helps in finding and listing a record from a huge bin list database. The complete list of bank bin numbers is stored or programmed in the software in such a way that returns a particular result whenever a query regarding a specific BIN is entered in the BIN list. There are different types of BIN lists depending upon the programmer and the developer. Some programmers develop the BIN list html format while the other use XML to create a BIN list. Some people also use Microsoft Excel to create bin list excel format, which is quite easy to use.

These days, it is quite easy to access and install a BIN list in order to avoid credit card frauds in online as well as offline electronic transactions. You can find out BIN list on Wikipedia to find out the issuing company of a credit or debit card. BIN list is very important tool for a merchant or businessman, as it acts as a source of information to verify different particulars of a credit card or debit card. You can find out credit card bin ranges list at Wikipedia that helps you in identifying different issuing companies and the number associated to these companies.

In order to get exact and accurate information about the credit cards, you must use a BIN list that is accurate and up to date. There are a number of websites over the Internet that offer bin list download for free to the merchants and businessman. Still, there are websites that allow you to check their bin list online for free. However, these sites allow you to check a limited number of BINs each day.

With the help of a BIN list, you not only get the information about issuing company, but also the information about the country of the customer and the URL of the issuing company as well.

by: Gen Wright

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