subject: Reducing Refunds With The Help Of Bin Numbers [print this page] For people who are new to the e-commerce website, they would find that most people nowadays rely a lot on plastic money. Plastic money is just a common term used for credit cards or debit cards, or for ATM cards. The world has been taken by storm with the use of such banking cards, and as such, there has also been an increase in fraudulent transactions. Since, with just the knowledge of a credit card and all the vital information, you can make any sort of purchases from e-commerce website, hackers have been targeting people who by mistake or by any other method, let out the vital details of their credit card. How would you suffer due to their lack of attention? When a purchase is done on your website, it would result in a fraudulent transaction, as the owner of the credit card did not authorise it. You would then have to refund the money to the financial institution, resulting in substantial loss and injury to your website. In order for you to avoid those, you should go for bin numbers checker.
The bin numbers checker happens to be a software or a website, which would provide you access to the bin numbers database, which would give you all the details that you would require about the person who is making a transaction in your website. If you find that the details which have been entered in the registration form for the procurement of a product does not match the original credit card details that have been shown in the bin numbers lookup, then you can block the transaction, and ensure that no fraudulent transactions to take place on your website.
It is very necessary in modern times to ensure that you have bin numbers Visa and bin numbers MasterCard database within your grasp. Due to the wide use of American Express as the preferred company in credit cards for the people living in United States, it would also be very prudent of you to go for bin numbers American Express database. This should give you a wide range of database that can help you search out any sort of fraudulent transactions that may be going on in your website, and you can put a stop to this in the very grass root level. This measure would save you and your website from undue harm and injury and sometimes, you may also face chargeback, which would be damaging on the reputation of your website.
Whenever any sort of credit card transaction is going on, always enlist a bin numbers search and you would find out for sure if the credit card that is being used for transaction is genuine or not. A bin numbers check would be sufficient enough for you to gauge the correctness of the situation, and always make sure to update the database of the bin numbers, or else you may sometimes get a false warning, which would result in you losing revenue.
