subject: Choosing A Free Bin Checker For Your Online Business [print this page] What if there was a way that you could reduce the chances of having your small online business being the victim of credit card fraud? Using the many free online services that are available, small business owners can complete up to ten daily checks of credit card bank identification numbers to safeguard the small business, increasing the security of online transactions.
To use the free bin checker services that are available, the business owner can simply visit the website offering the free bin checking database services and enter the first six digits of the credit card number. Information including the type of credit card, category and issuing country of the credit card will be presented, allowing the small online business to determine the risk of the credit card and determine whether the credit card is going to be approved or not.
What are the main reasons that merchants choose free online bin checker databases?
One of the main reasons that business owners choose the free bin checker services is the fact that they are available free of charge. Other types of paid services can cost the business owner upwards of several hundred dollars for a subscription term of between six months to one year. Rather than paying the high subscription fees, business owners that complete less than ten daily transactions can make use of the free services that are available - reducing the costs associated with the small business.
Free online bin checker programs can allow the business owner to manually confirm the information located on the credit card account, reducing the fraudulent activity that is becoming commonplace for businesses accepting credit cards.
Using the bin checker program, the business owner is able to determine the brand of credit card, the type of credit card (to determine the risk of accepting the credit card) the category of the credit card and the issuing country of the credit card. Using this information, the business owner can manually compare the information from the bank identification number with the information that had been provided throughout the checkout process to determine whether the information matches. In the case that the information matches, the transaction will be approved and in the instance that the information does not match (especially the country of the issuer credit card) it's likely that the credit card will be declined.
Using the information presented, the business owner is able to determine whether they are at risk of becoming a victim of credit card fraud by accepting the credit card transaction.
Free bin checker services online can help to save the small business owner hundreds of dollars off of the cost of running the business. The average cost of other bin checker services is upwards of four hundred dollars - and using the free services can allow the small online business owners to save wherever possible, without having to sacrifice the security of accepting credit card transactions for the products or services that are being provided.
