Credit Card Bin Look Up Bends Over Backwards To Combat Fraud
Unless you have been chained to administrative fees from charge backs
, it may tough to understand just how important the credit card BIN look up process truly is.
Anyone processing payments online electronically can greatly benefit from accessing and using credit card BIN checker software on a regular basis.
By passing up the opportunity to learn more about the credit card BIN checker you are robbing yourself of the freedom and peace of mind.
When you implement credit card BIN validation in your daily practices you are taking a significant step in not only keeping your business expenses to a bare minimum, but you are will be safe guarding your merchant account.
You will have no more sleepless nights worrying about how fraudulent transactions are affecting your bottom line and putting a choke hold on your business. In truth, an updated credit card BIN numbers list will become one of the most invaluable tools you will ever use.
That said, the credit card BIN look up involves the first six digits of a 16 digit credit or debit card number. In fact, BIN numbers aren't restricted just to credit and debit cards. A BIN number is also part of gift card, prepaid card, merchandising card, fuel card and some insurance cards.
Use the credit card BIN verifier to find out which financial institution or bank has been assigned that particular number. Financial institutions are only allowed to apply once and receive this number for the lifetime of their business.
One thing you should understand is that the credit card BIN base is not information that is made readily available to the general public. You will be required to purchase a license to perform your own credit card BIN look up.
Select a license that fits your business and provides you with the right amount of access upfront. Universal licenses typically include every detail you need when processing electronic transactions.
An example of what you may receive when purchasing a universal license is the ability to enter an IP address in order to get a country of origin for a card you intend to process. A single license may not include that all-important information.
Prices among BIN database prices are different across the board and based on features and benefits. It's up to you to take the time the learn more about each provider and determine which will give you the most bang for your buck.
There has never been a better time in your business to grab hold of this system and use it to your advantage.
Now you are armed with the knowledge you need to make the best decisions for your business. As a matter of fact, the credit card BIN numbers database simple works. You will appreciate just how much it helps you in your business.