The Importance Of Using A Bin Checker
The Importance of Using a BIN Checker
A BIN checker should be a standard tool used by all online merchants, but unfortunately many of them are not taking advantage of the protection this type of service offers. Every year merchants lose billions of dollars to credit card fraud, and the merchants are the only victims of this crime because they are the ones who end up losing. If a credit card customer discovers a fraudulent charge on his credit card, all he has to do is call the issuer and get it taken off. If the merchant didn't take the time to use a BIN checker, then he lost money on that transaction unnecessarily if the product was already shipped out when the transaction was reversed.
How a BIN Checker Works
The idea behind a BIN checker is very simple. The BIN is the first six digits of any credit card. Those six digits can reveal a lot about the person who holds that card. For example, if those numbers were issued in the United States, then you know that the person ordering from your site had better be in the United States. If not, then there is a good chance that you have a case of credit card fraud on your hand.
So how do you know what country your customers are in? There are a couple of different ways you can use a BIN checker to do this. The first way is as simple as looking at the billing and shipping information that was included with the transaction. If neither address matches the BIN of the credit card that was used, then the system throws up a red flag. The transaction will not be authorized immediately because it indicates that there is a problem or a mismatch.
Another way a BIN checker will help you out with this is if your website records the IP address of the website visitor who is ordering from you. When you know what country the computer that made the transaction is in, then you can match it with the country of the BIN to be sure that you have a true transaction and not one that is fraudulent.
The Mechanics of a BIN Checker
Many online merchants don't realize how easy it is to use a BIN checker on their website. The service typically gets programmed right into your shopping card, so it's something that happens automatically every time someone enters in a credit card as payment on your site.
The best BIN checker services will work with any of the most popular programming languages, so it is very easy to implement on your site. With regular updates several times a year, online merchants will stay current to the latest BIN changes, remaining protected at all times.
BIN2Country provides BIN checker services to online merchants. There are both online and offline services available, making it very easy for online merchants to protect their businesses. The company even offers a free demo version on its site that can be used up to 20 times per day.
A BIN checker should be a standard tool used by all online merchants, but unfortunately many of them are not taking advantage of the protection this type of service offers. Every year merchants lose billions of dollars to credit card fraud, and the merchants are the only victims of this crime because they are the ones who end up losing. If a credit card customer discovers a fraudulent charge on his credit card, all he has to do is call the issuer and get it taken off. If the merchant didn't take the time to use a BIN checker, then he lost money on that transaction unnecessarily if the product was already shipped out when the transaction was reversed.
How a BIN Checker Works
The idea behind a BIN checker is very simple. The BIN is the first six digits of any credit card. Those six digits can reveal a lot about the person who holds that card. For example, if those numbers were issued in the United States, then you know that the person ordering from your site had better be in the United States. If not, then there is a good chance that you have a case of credit card fraud on your hand.
So how do you know what country your customers are in? There are a couple of different ways you can use a BIN checker to do this. The first way is as simple as looking at the billing and shipping information that was included with the transaction. If neither address matches the BIN of the credit card that was used, then the system throws up a red flag. The transaction will not be authorized immediately because it indicates that there is a problem or a mismatch.
Another way a BIN checker will help you out with this is if your website records the IP address of the website visitor who is ordering from you. When you know what country the computer that made the transaction is in, then you can match it with the country of the BIN to be sure that you have a true transaction and not one that is fraudulent.
The Mechanics of a BIN Checker
Many online merchants don't realize how easy it is to use a BIN checker on their website. The service typically gets programmed right into your shopping card, so it's something that happens automatically every time someone enters in a credit card as payment on your site.
The best BIN checker services will work with any of the most popular programming languages, so it is very easy to implement on your site. With regular updates several times a year, online merchants will stay current to the latest BIN changes, remaining protected at all times.
BIN2Country provides BIN checker services to online merchants. There are both online and offline services available, making it very easy for online merchants to protect their businesses. The company even offers a free demo version on its site that can be used up to 20 times per day.
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