Facing Credit Card Fraud Transactions? Binbase Can Help

Credit card fraud is no doubt one of the persistent headaches of credit card users; both businessmen and consumer shoppers

. This phenomenon is responsible for the loss of billions of dollars from the ecommerce industry. In most cases, the law is just not god enough to protect from credit card fraud. When fraud occurs, the business involved is forced to pay the consumers. In a bid to avoid losses, the payments are shifted to the consumer in terms of price hikes. If you have been a victim of fraud either as a buyer or a seller, you have an idea how much distress it causes. Fortunately, you can protect your credit card from fraud by the use of a BinBase database.

What is a BinBase database?

A BinBase database or a BinBase is a database complied by BinBase firm. It allows credit card users and e-business owners to secure their cards against fraud. BIN in this case stand for Bank Identification Number which is composed of the first six digits in any credit card. The BinBase software has been recognized as being the most useful tool of providing the most detailed credit card information in the shortest time possible. The BIN database program is used by all credit card issuing institutions including banks.

How does the BinBase detect credit card fraud? As aforementioned, all credit card issuing institutions make use of BinBase. A BinBase checker is used to look up information on credit cards. BinBase data on the credit card is retrieved from the database and it will give information such as whether the credit card issuer is authorized and any other important information. The data enables e-business people to decide whether to accept the card or not. If there is no detail of the credit card from the BinBase list generated, it will raise questions over the authenticity of the card. System closure and the particular credit card rejection results.

Why do you need BinBase?

BinBase is needed for the reason hinted above; to secure your credit card transactions and protect your money against fraudulent chargebacks. Debit cards and gift cards will also be secured. These are especially more prone to fraud. Fraudsters will hack into these cards and spend all the money before you use it. As such, a BinBase will go a long way in ensuring the safety of all transactions.

For the most effective BIN database search, you need a reliable, accurate, up to date and easy to use tool. This is in order to make sure that you are always well protected even when fraudsters up their methods. Such a system is easily available at BinBase. At BinBaseo, all your BIN database needs are taken care of by a reliable database that features near 100% accuracy and the latest updates.

by: Gen Wright

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