Bin Checker Online For Faster Search

The latest buzzword in the anti financial fraud is the bin checker online

. They are easy to use, accurate and give a more reliable result and helps in preventing unforeseen financial charge backs which can hamper the smooth growth of business. Bin checker online does the same function as those licensed versions which need to be purchased.

Commercial versions are built on platforms which can become incompatible with other accounting software. Most licensed versions therefore choose to provide accounting and security tools as add-ons which can be purchased as a package. The updates are regular and rather accurate since they derive the data source from the service providers.

Bin checker online vs licensed bin checker

Most of the bin checker online which is available for credit card verification is free to use. The bin numbers available in such databases can be more since these are largely collected from claim processing companies. Licensed bin checkers tend to limit the services for a fixed set of cards. For example, bin visa provides services for verification of visa type of cards alone. A free bin checker online can be suited to any card and therefore are more general in nature.

There can also be compatibility issues with licensed versions. Developers may not be able to provide complete solution for all issues and most of the time the merchant ends up buying new updates every time an issue crops up.

With bin checker online, you can enter the BIN and just press enter. The results will usually be displayed in a webpage with the details of the field name and content of the field. The number of records can be huge since the data need not be preserved in a single system. With licensed versions the updates are released once in a month, however the free bin checker online is updated with each bin verification and therefore can be more accurate.

However, some cases of credit card frauds may escape the watchful eyes of bin checker online and this may harm the genuine buyers and merchants alike. Such mishaps can be avoided with a licensed bin checker.

The good side of bin checker online is that they can be configured and modified to suit the needs of online shopping sites where the transaction needs to be verified within the time of card entry before finalising the transaction.

Licensed bin checkers are of course needs more updates and sometimes these updates can be costlier. This increases the overall maintenance cost of bin checker and hence more people prefer to use free bin checker online. The tool should be checked for review and should be suiting the requirements of the business. This should be chosen after carefully analyzing the nature of business, and the potential market for the business.

Bin numbers included in database for verification are usually higher for bin checker online tools than the licensed or commercial ones. However, it is not the quantity but the quality of data that counts for a perfect search using the bin checker. A bin checker online tool can therefore be a good bet provided it suits the business needs well.

by: Gen Wright

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