Understanding Bin Lookup Sites

One good way to protect your business is to use a BIN lookup service

. Perhaps you've seen a few BIN lookup sites but you're wondering how they work and what they actually do? Here you will find out everything that you need to know about BIN numbers and how they can help you to protect your business. Why take a chance with fraudulent transactions when you really don't need to?

What Are BIN Numbers?

BIN numbers are the first six numbers that are located on the front of your credit or debit card. They are linked to various pieces of information regarding the card's issuer and who it actually belongs to. By running BIN numbers through a BIN lookup you will be able to determine who is using the card and whether you have a need to be worried.

Of course it's much easier to judge whether a person is using a fraudulent card when you can see them in person. If they are making a transaction online then it's much more difficult! One thing that can make it easier is BIN lookup sites.

Downloading BIN Lookup Software

Do a search online for BIN lookup and you'll see that there are quite a few different options available. You'll see that there is some BIN lookup software that you can download. Some are designed to be used online, while others can be downloaded and used on your computer. If you are hoping to stop fraud in the long term then you'll need software that you can download and use automatically.

You can also do a single search or a bulk search. One of the safest ways for a company to use BIN lookup would be to check all transactions before the goods are shipped. Allow the consumer to pay using their debit or credit card. Then have the transaction as pending while it is verified. Have a member of staff available to check the transactions throughout the day. By doing a bulk BIN lookup, you'll see whether there are any problems at all with any of the numbers used that day. It's simple and once approved you can send off the goods. Or if there are any problems you can refund the money and give a reason why the transaction was declined.

The problem with fraudulent transactions is that businesses often send out the goods without checking first that the transaction was genuine. Then if it was fraudulent, the consumer could claim the money back and you would be out of money and goods. So it certainly makes sense to check out each transaction first.

It's really simple to download BIN lookup software. Just find a program that you're happy with and then click on the relevant file to download it. Installation will be simple and you can start using it right away. It's worth keeping in mind that you will likely have to pay for the BIN lookup services. However, when you think of what you are saving it is definitely worthwhile! Loo online and download the best BIN lookup software today.

by: Gen Wright

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