The Simplified Bin Number Lookup

Companies will always have the option to be able to verify credit card numbers before

they are processed to ensure that they have the lowest possible chances of being used for fraudulent purchases. The ability to check on verification in this manner is not always possible without access to a bin number lookup. A bin number lookup system can be used to streamline the process of accepting payment from consumers while filtering out the potential fraud.

Control of such a system will require that the bin number lookup is up to date and available at all times. One of the best ways to ensure that the card numbers being tested are positive is to run the bin number lookup. The process is simple and will usually involve having access to the charge card's bin number. The bin number is the first 6 digits of the card and will be required to run a simple bin number lookup.

Simple Online Bin Number Lookup

Getting access to the internet allows you to gain control of the bin number lookup. With the appropriate numbers to enter into the bin number lookup, any business can have the ability to verify their customer's electronic payment source. The bin number lookup can provide information about the card when the bin number is entered into the search.

When a bin number lookup returns with the search results, there will always be information available that is attached to the card. For example, the bank that issued the card as well as the type of card being used can be described by the bin number lookup. This serves as a signature that the card actually exists. If there is a problem with the bin number lookup or the service provides information about the card not existing, it immediately shows a reason why not to accept payment from this buyer until there is an investigation that the card is actually one that is issued to and owned by the person paying the bill.

By placing the bin number into the bin number lookup, any business can access the vital stats which can also tip off whether or not the person would actually be able to make a purchase with the card. This way there is no confusion on whether or not a certain card should be accepted because you know the general limits of the card as well as other information about the buyer. Whenever you access a bin number lookup you will be able to see this information:

The card issuer - This is generally the bank or institution which has a hand in handling the money you deposited or are borrowing.

The branding of the card - This is generally the company that represents and handles the main transactions.

Card Type - The card type is generally the method of determining which cards have more buying power. For example, a gold card has a much smaller limit than a platinum card or even one of the other classifications that are available for the card type.

by: Gen Wright

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