Online BIN Checker Service

In a bid to avert frauds and money laundering regarding credit cards and some other cards, checking BIN frequently becomes essential and unnegotiable considering the amount and magnitude of credit card frauds in this civilized world and age. Truth is all these smart attempts of fraud will require a smart or even a smarter merchant to counter and nullify it.

The realization of this is the BIN checkers to check cardholders' BIN numbers for its validity or otherwise. It is a vast and ample innovation to curb the challenges and the exposure of the online payment systems to a high rate of criminality and urbane theft. The simple usage of BIN Checker in comparing the details provided by the tool and the details provided by the user to determine the credibility and the validity of the transaction. BIN or Bank identification number checker provides the following information:

1. Country of the credit card
2. Credit card type
3. Credit card level
4. Bank name and phone number
5. Name of the credit card provider

Why checking the BIN Database from BankBinList ?

The bank BIN list checker tool is also an online based application that lookup BIN from a prepared database. Upon BIN input, it returns with relevant and comprehensive information about the card stored in the tool’s BIN database. It is developed in a way that it will perform a check on the likelihood of fraud on the transactions earlier performed on the card. They collect, filter, and refine data from various sources to increase their database and service accuracy.

This tool's primary edge is its ability to use the IP to locate where the customer is currently and a piece of precise information that links the BIN with the issuing Bank and even the issuing country. These edges help secured the users from fraudulent transactions. The database is updated regularly around 2-3 months, and it provides accurate and genuine information that are on the IP address and the BIN. Also, the tool has more than millions of IP addresses up to 10 million in both IPv4 and IPv6, coupled their database that has over 300,000+ Bank Identification Numbers. Information from the BIN searched can be exported in various document formats (.pdf or .doc) for download in case of offline need and usage.

Listed below are some of the features of the Bank BIN List

• Permission for a incorporation of more than one country verification
• Carries out of series of checks for the approval or denial of all transactions which is more of an extra layer of security needed in performing the transactions
• it does not accept any fault regarding the accuracy of information.

Benefits of using BIN List Tool

Having considering the risk attached to the usage of online payment systems, here are the benefits of using a BIN Checker.

To escape the trap of Fraudsters and Money Launderers.

As earlier stated, the main essence of BIN checkers is to disengage fraudulent transaction plans and, as a merchant, to be safe from fraud traps, which might lead to significant loss and at its worst bankruptcy depending on the magnitude of the fraud one become its victim.

The commercial enterprise is shielded from paying chargeback

Being a user of trustworthy BIN Checkers, you stand a chance of getting an alert when any transactions that are unauthorized are being carried out. Either you are the service provider or the initiator of the transaction. And this is a great benefit that keeps you safe from falling victims of fraud and potential bankruptcy.

Access to full fraud information

BIN Checker tools give the most recent and updated information that are about the Bank's details if the features is subscribed to, which means if there are any inconsistencies of any kind, you will receive a notification promptly.

To stand ahead of competitors.

Imagine being shielded from paying chargebacks, being "insured" and secured from fraud, and having a great business; nothing more supposedly can be a great advantage over competitors who are not aware of such tools as BIN Checker.

Safety and security

Every transaction, withdrawals, and deposits become very easy and much safer and extremely secured using BIN tools. Considering the collaboration and synergy between banks and the provider of these tools, the information coming from the tool's use is subjected to bank verification, which is very interesting.

Free download and usage

Many of the known BIN Checkers come as free applications and tools for users and are quite easy to use, making usage stress-free.