subject: Bin Checker Is A Very Versatile Tool [print this page] If you need to find out the name of the issuer of a credit card, then it is necessary to make use of a BIN checker. This is only possible because the BIN (Bank Identification Number) helps in identifying a credit card that a BIN checker looks for in a good BIN database. With the help of a BIN checker, it is possible to instantly know who the issuer of a credit card is.
Know the issuer of the card
Knowing who issued a credit card is important because of the high number of credit card frauds that are taking place these days. A BIN checker will use the BIN database to locate the issuer of the credit card and in this way help you learn about the credit card. A good BIN database can hold many hundreds of thousands of credit cards and furthermore, the database needs to also be updated on a daily basis.
Locate the desired card
This helps to ensure that when a BIN checker looks at the BIN database that it will be able to locate the credit card and provide the required information. Before choosing a BIN database, it makes sense to check out a demo of the database. Normally, you can view the demo for up to ten times in a single day.
Know the issuer and the country in which they operate
A BIN checker provides information such as the issuer of the credit card and also the country in which the issuer (bank) operates. A BIN checker can also provide information such as the funding type of the card. This can be either a debit card, credit card or a prepaid card. There is more information that you can obtain by using a BIN checker.
For example, if you wish to learn more about the sub-type of the credit card, then the BIN checker will help you learn about that as well. This information can prove to be very useful as you will get to learn whether the sub-type is an Electron or Classic or even Gold or Business and even Platinum card.
You can also use the BIN checker to find out more information such as the credit card brand which can be Visa, MasterCard or Amex or even some other type. The BIN checker is also very useful when it comes to learning about whether the chip is contained and which city the card was issued. It will also provide details such as the phone number of the issuing bank.
In fact, a BIN checker is a very versatile tool that can provide information for almost all major bank cards including Discover, Diners, Maestro and Switch as well as Solo. After gaining access to the information you can then reduce the chances that somebody can perpetrate a credit card fraud on you. The BIN checker is also useful as it can help you handle a questionable order, especially when the card originates in Canada but is used for international movements.
The BIN checker can easily flag such transactions which you can then view before accepting or rejecting the transaction.
