subject: Bindatabase Safeguards You From Credit Card Fraud [print this page] If you are conducting business online and you want to ensure that your transactions are secure and safe, then it is a good idea to make use of a bindatabase. A bindatabase can contain many hundreds of thousands of records - each of which will be updated on a daily basis. It is up to you to pick a suitable bindatabase from the many that are available online and you should also think about viewing a demo of a bindatabase before making up your mind to use it or buy it.
Free and alternative solutions
There are a number of free bindatabase options that are worth choosing from. These offer an alternative to paying for a bindatabase. However, it makes more sense to buy one as the benefits of buying a bindatabase are enormous.
Stay safe from credit card fraud
One of these benefits is that you can learn to stay safe from credit card fraud and prepaid cards fraud. Prepaid cards are bank cards that can be preloaded with a sum of money that the customer can determine. Many companies offer prepaid cards and though this is good, there are many risks associated with prepaid cards that you need to protect yourself against.
Bindatabase is the answer. This is because if you are an online merchant and you really need to stay safe, then you really have little alternative than to use a Bindatabase. When processing payments online, it is important that you guard yourself against all kinds of fraud. Prepaid card applications are accepted online and though this is very convenient there is also a risk that when customers are purchasing from you online they may try and defraud you. Since there are few checks regarding bad credit history and since the buyer's financial position is not checked there is a risk that you could end up dealing with a buyer who is out to defraud you.
Rampant online fraud
Online fraud is rampant and so you need to protect yourself against it. Bindatabase is an answer that you really need to learn about, especially as an online business needs to identify and also screen each outgoing transaction to ensure that they are transacting in a safe and secure manner. In the case of prepaid cards, you cannot afford to be lax and so it is in your best interests to make use of a Bindatabase.
Those who create the Bindatabase know and understand what it takes to protect online businesses and they are also constantly endeavoring to create a bindatabase that is effective in preventing fraud. It is therefore important for you evaluate to the bindatabase and even compare it against other ones to ensure that you are getting the best.
When using prepaid cards and when using gift cards, it is important that you do so in a safe and secure manner. As an online merchant you have to be very careful about the money that has been prepaid as buyers can use anonymity as a shield to defraud you.
You must use a bindatabase to help make sure that it is practically impossible for a buyer to make a purchase without being subjected to a credit check, especially when they are purchasing with a prepaid card or a gif card. This can help save you many millions of dollars per year.
