Preventing Credit Card Fraud With The Help Of Bin Ranges Numbers

In the age of technological advancements, you would find that the Internet plays a huge role in our lives

. From shopping to entertainment, the Internet has always and showed that are each and every whim is fulfilled. When you happen to use plastic money on each and every shopping site that you encounter to buy products, you would need to be a tad bit careful. There may be hackers who are out there to get the sensitive credit card details from under your nose, and you would be none the wiser.

To prevent a Webmaster from being the victim of such fraudulent credit card transactions, they must ensure that they have a huge bin ranges database. This would actually ensure that their credit card information which would be inserted in the procurement of a product from the website should have to be matched with the bin ranges list, and on successful verification and matching of both the details, the product can then be purchased. If the credit card details to not match the details already inserted within the bin ranges database, which is governed by the American banking agency, then you are looking at a potential scammer. If you do not have any security measures put up, then you would inadvertently become the latest victim for chargebacks.

There are a variety of bin range numbers that you should procure for the safety of your website, so that you can check with them whenever a credit card of that company is used for purchases. Getting a hold of bin ranges for amex, bin ranges for Visa, bin ranges for MasterCard and bin ranges for Discover should be your primary concern. These are some of the biggest companies that provide credit cards to American consumers, as well as people from all over the world. Scammers can easily get a hold of your sensitive credit card information, and make use of it without your authority.

Whenever you find that a credit card transaction is undergoing in your website, you must always go for a bin ranges lookup on that credit card information, and verify the details of that person, with the bin ranges list which you have. Whenever there is any anomaly, you should be the first person to report this to the appropriate authorities. Getting a hold of bin range checker can be the best thing for security in terms of financial transactions within your website. Whenever there is a shred of doubt with any sort of transaction which involves plastic money, always make it a fact to get it checked with the bank identification number, and if it stands out as a genuine one, only then should you proceed with the order. This would prevent you from the hassle of paying for chargebacks. If there is any indication of your website undergoing a lot of chargebacks, then ratings along with the visits from visitors would also be on a steady decline.

by: Gen Wright

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