Credit-Card-BIN-Lookup.com offers all the services necessary to support merchants who want to incorporate credit card BIN lookup into their business to combat card fraud.

What is Credit Card BIN Lookup?
Every merchant should know about Credit Card BIN Lookup online resources as a way to help eliminate credit card fraud and reduce chargebacks. A BIN lookup credit card uses the first six digits on a credit/debit card to identify the issuing bank. Merchants access BIN lookup service to ensure that purchases made with a credit/debit card are legitimate by checking the information given by the purchaser. If the data in the card issuer’s database and that given by the purchaser do not match, fraud and costly chargeback could result. Credit card BIN lookup sites give merchants access to an extensive database of BIN information, which allows them to check the legitimacy of their transactions.

Who Needs Credit card BIN lookup?
Any business, from small online retailers to Fortune 500 companies, who takes credit or debit cards, should be incorporating credit card BIN lookup software into their business process. Unfortunately, credit card fraud is on the rise, and no business, regardless of size can afford to suffer loss of time, revenue and product due to fraud. Not only does BIN number lookup credit card service reduce loss of profit, but also if a merchant’s account exceeds a certain chargeback ratio, a devastating suspension of merchant services can occur. No merchant can afford this type of business stoppage. By using BIN lookup program fraudulent transaction can be flagged and cancelled. If your business takes credit cards, you cannot afford not to use credit card BIN lookup.

What are the Benefits of Credit card BIN lookup?
Primarily, credit card BIN lookup site is about empowering merchants to combat costly fraud. Credit cards, debit cards and even prepaid cards are subject to misuse and fraud. While it important that businesses fully embrace all payment methods, it cannot afford high chargeback ratios and loss of product. Credit card BIN lookup service puts power into the hands of the retailers by helping to verify crucial information that alert them to potentially fraudulent transactions before they are completed. Fraud not only results in less revenue and lower profits, but diminished productivity that could be otherwise focused on building business.

For business that want to charge different fees for different card use, BIN number lookup identifies the type of card during the checkout process that can then trigger the applicable charge amount. This can be of immense benefit and lead to stronger profit margins. Using credit card BIN lookup table can also help a retailer easily comply with export regulations by excluding specific countries from placing orders.

How Credit card BIN lookup Works?
Businesses can choose to do a manual credit card BIN number lookup or incorporate the database into their shopping cart. As it implies, a manual BIN lookup database search is as easy as typing in the first six numbers of a purchaser’s credit, debit or prepaid card into a credit card BIN lookup site, or by searching a file purchased by a provider. A smoother method is to set up the shopping cart software to ping automatically the credit card BIN lookup database file for authentication. Based on the merchant’s business process, inconsistent data can lead to transaction being flagged or rejected.

Simply put, credit card BIN lookup is fast becoming a standard in business process.

Credit Card BIN Lookup Database >>