subject: The Purpose Of Using A Bin Checker [print this page] Each and every online merchant should make the BIN checker their standard tool, as it will protect them from credit card scam. However, regrettably, a lot of online businessmen in spite of everything, do not use BIN checker. Even though most of them are aware of the nature of protection this kind of service provides, still knowingly or unknowingly, many of them are not using it.
Owing to this kind of negligence, each year numerous merchants lose significant amounts of money because of credit card rackets. As a result of such scams, the online merchants are the one, who suffer the most. For instance, in case a card user finds his card has been falsely charged, then all that he needs to do is to get in touch with the issuer to take it off from his card. However, in this situation if the merchant has applied the BIN number checker, then he would not lose money unnecessarily, even if the merchandise has already been dispatched, at the time the credit card transaction was inverted.
If you are not aware of how a BIN checker works, then it is best for to browse through the online sites. There are various BIN checker websites online, which offer valuable information about this service. The main objective of a BIN checker database is extremely simple. The BIN or the Bank Identification Number refers to the initial six numbers of all credit cards. These six numbers are capable of disclosing a lot of vital information regarding the credit card possessor. For instance, by means of a bin checker credit card, you can easily identify where a particular card was originally issued. If, by means of a BIN checker, you find that the card number, provided to you, is issued in United States, but the person using it is located in some other country, then there is a strong possibility of you dealing with a fraud.
Now, you must be wondering that how a BIN checker is capable of identifying the country to which your customers belong to. There are in fact a few ways, by means of which you can make a BIN number checker execute this. The first and the foremost way of identifying a customer's place of residence is simply by observing the shipping and billing information, which is mentioned in the transaction.
If none of the information matches the BIN checker card number, which was applied, then there would be a red flag displayed by the system. This will immediately stop the transaction from getting authorization, since it points out a mismatch or a problem.
Another technique, by means of which a BIN checker will assist you in identifying a fraud customer, is if your online site is capable of recording your customer's computer's IP address.
If you can identify the country in which the computer, which was used for the transaction, is located, then you will be able to easily check it with the BIN of the country to ensure that the transaction was not a fake.
A lot of online merchants fail to understand the true fact that the process of applying a BIN checker on a website is extremely easy and uncomplicated.
There are various online BIN checker website from where you can without any difficulty download the software. Normally, the service gets programmed straightaway inside your card. This means that whenever a customer types in his credit card number on your website for making a payment, the system instantly starts to work.
