subject: Bin Checker - An Effective Tool To Combat Credit Card Fraudsters [print this page] As a matter of fact, previously online merchants often used to become a victim of credit card fraudsters without any fault of their own. However, nowadays, in most cases, the reason why the majority of the E-commerce merchants fall prey to scams is mainly because of their negligence and casualness. Even though a lot of them are aware of the fact there is an effective credit card fraud prevention solution easily available in the market, still they simply neglect it. This causes them to become easy prey to potential online card scams. The inability to verify a customer's information, who swipes his card for making purchases, normally creates high risk for a businessman. But now, the discovery of BIN checker system will enable all merchants to validate customer information, prior to the completion of a transaction.
So, what exactly a BIN checker is? BIN checker database is a tool that is capable of extracting vital information about a person by means of BIN number. BIN number is actually the first 6 digits of a credit or debit card. If you have BIN checker software installed within your system, then the moment you enter the BIN number in your system you will get to know a lot of valuable data about the person, to the card belongs.
It is very easy to get hold of BIN checker software. There are a number of sites that offer BIN checker free download. But, you need to ensure that the online site from where you download a BIN checker is a reliable one. There are also a lot of BIN checker free trial sites that will enable you to check the system prior to buying the software. If you don't know how to install the software in your company system then you can refer to BIN checker demo, available at various online websites. The demos will assist you in installing the system very easily.
At the present time, it has been widely observed that more and more people prefer to shop at online stores, owing to the convenience factor. They choose online shopping for purchasing all types of goods ranging from groceries to clothes as well as entertainment stuff. The increase in the number of people using credit or debit cards as a mode of payment has caused online card scams to be on the rise. This has in turn have raised the importance of BIN checker system even further. A BIN checker list helps a merchant to identify a false transaction from a genuine one. It sends warning signals to the merchant whenever it detects a fraud credit or debit card transaction, so that the fake transaction can be stopped immediately.
A lot of online merchants avoid the use of BIN checker just because they lack adequate knowledge about the system. Many feel that this type of system is difficult to use and also doubt its efficiency. Therefore, it is extremely important for all online merchants to educate themselves about the significance of BIN checker system, if they wish to protect their online businesses and want to avoid encountering loses, owing to credit card scams.
