Credit Card Bin Search Made Easy

Apr 6 19:32 2013 Gen Wright Print This Article

If you are the owner of a website that processes credit card payments online, then you may need to use a BIN database.

What is a BIN database and how exactly does it help your business succeed?

Fraud prevention

On the Internet,Guest Posting fraud is rampant. Without tight security measures in place, a thief can easily use a stolen credit card to place a large order on your website. If your website does not perform any form of verification, you may approve the transaction by mistake, thinking that it's a valid sale. So you happily ship out the goods, thinking that you have made a tidy profit. To your horror, you receive a notification from the bank a few days later that the transaction is unauthorized. The original credit card owner has filed a charge back with the bank. Usually, in such cases, the banks side with consumers and will issue a charge back. That means the funds will be reversed.

Can you imagine what fraudulent transactions can do to your business in the long run? Soon, you will be left with little choice but to pass the costs to your customers. In other words, your good customers end up paying more for your goods just because someone else is performing fraudulent transactions on your website. Doesn't sound like a fair deal at all. In addition, the higher prices may transform your business into a less competitive one.

Fortunately, this situation can be avoided with the installation and use of a BIN database. The concept is simple. The database contains information of credit cards. When a transaction occurs, all you have to do is to check the information of the card with that provided by the database. If everything checks out, the transaction is approved. Otherwise, the transaction is nullified.

In fact, BIN database vendors have taken steps to ensure that the installation of the database is a breeze. Site owners are given a couple of options when choosing the right credit card bin database.

The first option is to buy the database outright, and install it in your own server. This option is recommended if you have the technical resources to handle the installation. For instance, you may have your own programmers. Just by writing a few lines of code, the database can be up and running in no time.

The second option is to conduct verifications by sending queries to the vendor's API server. In this instance, you will be using the database that is already installed on the vendor's server. The upside of this solution is that you don't have to worry about updates and installation issues. All you have to do is to send the queries and capture the responses from the server.

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