Performing A Binlookup On Vacation

Sure owning and operating a business can be stressful

, especially when you deal online. So when you close shop doors physically, you can still receive and accept orders from potential customers even while on vacation. The major problem with this is the fact that there are many people out to cheat businesses out of their products or services with fraudulent credit card purchases.

The reason why this is a serious matter is simple, as many people on vacation will simply want to accept purchases that are made while out instead of making their customers wait for a confirmation. This has the potential to become a very damaging scenario, especially when the business owner cannot properly check sales efficiently or verify while away. This is no longer an issue with the advancements in technology.

The Binlookup is Technologically Available

Even if a business owner is out and having fun, a few seconds on their mobile device or even on their notebook computer (or any internet capable device) can provide an inlet to transaction security. By using either simple binlookup software such as a binlookup app, or simply having access to the internet and a binlookup service page, the business owner can easily run bin checks from online sales before approval.

Why Approve Transactions with a Binlookup Before Processing?

A binlookup will allow the business person to check whether or not a card being used is legitimate to make a purchase online. Many of the business people will have a simple response similar to: "But, my card processing service or merchant account denies invalid cards for me." That may be true, but there are several things that can go wrong with this. First of all, the card processors will deny cards that will not pass the transaction process. Unfortunately there are several fraudsters out there who understand how the card bin numbers work and can forge a card number that can pass through the initial verification steps.

A binlookup is essentially one of the most important steps that should be performed on a card transaction. When a number is searched through a binlookup service, there will be two key sources of information. First the binlookup will determine if the card is valid. Second, the binlookup will be able to tell you about the card and whether or not it has the potential to make large purchases, etc. A binlookup service will often have extra tools that allow you to pull more information about the buyer such as the billing address and address that the order was made from via IP routing. These are all tools which can help you to determine whether or not you should accept payment from someone.

The general binlookup use will easily allow you to prevent accepting blatantly fraudulent transactions as these will trip return costs and other consequences. By using the binlookup to verify the actual customer you do more to protect your business and the customer as well. A binlookup is easily one of the best tools you can use while on vacation and accepting payments while away.

by: Gen Wright

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