subject: Bin Database Lookup [print this page] To perform a bin database lookup, the first six digits of your card number are all that is required. Bank Identification Number (BIN) helps you when performing a bin database lookup by displaying the name of the bank that has issued a particular credit or debit card.
Several issues to be addressed
There are several issues involved when performing a bin database lookup and these need to be addressed at the very outset. The first thing that you need to do when performing a bin database lookup is view a demo of one or more bin database lookup alternatives. Once you have chosen a bin database lookup, then you can (in most cases) only check a bin database lookup ten times.
To know more about the bank that has issued a debit or credit card, you must perform a bin database lookup on the credit card number. In the same manner, you can also do a bin database lookup to find out the name of the country in which the issuing bank is located.
Type of funding
A bin database lookup can also help you find out about the type of funding such as prepaid card, credit card or debit card. In addition, you can also use a bin database lookup to learn about the different sub-types including those such as Platinum, Business, and Electron, Gold and even Classic and more.
Find out about brands
Sometimes, it is necessary to learn about the brand and so it makes sense to do a bin database lookup to find out about the sub-type such as Visa, MasterCard, Amex and more. There are other pieces of information that a bin database lookup can provide. These bits of information include whether or not a contain chip is included or not and in addition, the information may also include items such as Switch and Maestro as well as Discover and Diners bank cards.
Bin database lookup is a very powerful tool because it helps you gain access to important information. Rather than be limited to learning about the usual credit card or debit card number, with a bin database lookup, it is easy to find out how to manage risk in the most effective manner. In fact, the information that a bin database lookup throws up can also be used to estimate how risky a particular transaction is, especially when it concerns credit cards or debit cards that are issued in another country.
A bin database lookup also provides information that can help you identify orders that are suspicious or questionable. When such orders are issued by Canadian banks, then you can, with the help of a bin database lookup, flag the order and then review it before completing the order. This will give you a means of weeding out and avoiding orders that are going to harm you or your business.
A bin database lookup can also provide you with useful information regarding the ratio of high customer chargebacks, which if they go unchecked, will do irreparable harm to your business. In this way, it becomes easy for you to improve your profits and also avoid situations which can result in suspension of your online merchant account. A bin database lookup makes it easy for you to avoid exceeding your pre-defined ratios.
