Many businesses have already started using BIN checker and are getting good results especially when it comes to the prevention of charge back and reduction of credit card fraud. If you have not started using it to verify orders before authorization, it is advisable that you begin doing so. Fortunately, BIN checker software is readily available. Some are provided free of charge while with some, you will be required to make some payment before you can install or download the software or have access to the software. If you perform a Google search on BIN check, definitely, you will get impressive results. However, it is advisable that you use one that will provide you with the best results. There are a number of facts to know about BIN checker which will help you to make an informed decisions.
BIN checkers do not have the same database
One important fact that you should know about BIN checker is that their database differs in size. This means that they do not contain the same amount of information. How big your BIN checker’s data base is will determine the accuracy of the result you will obtain. For example, with a BIN checker of small database, you will not be able to verify all credit cards. Thus, it is of crucial importance that you consider how big your database is before you purchase it. As a rule of the thumb, pay for one with a large data base.
It is also of crucial importance to ensure that you pay for one that is being updated on regular basis. It is of no use making use of a BIN checker that is not being updated. It is like using an outdated software. This is because more and more credit cards are being issued on daily basis. Similarly, new brands of and types of plastic cards are being introduced on daily basis. So, if you are using an outdated one, you will not get any information when you look up BIN information on new cards. Reliable BIN checker service providers update their database regularly. So, it will be good that you use such services.
Free vs paid BIN checker
As already mentioned, BIN checker software is available in two types, paid and free type. As it is said, nothing good comes very cheap. Always bear in mind that free types have some restrictions. You will not be allowed to use all the features. Thus, don’t expect any reasonable result if you are using free BIN checker. Paid BIN checkers have more features and thus provide better results. So, spend a little in order to have access to a complete feature and services. But Spend your money on a trusted type.
Compatibility with your system
Another important factor to take into consideration before you purchase a BIN checker is its interface as well as the operating system it is compatible with. When purchasing a BIN checker, buy one that has a user-friendly interface and one that is compatible with your computer’s operating system. Purchasing one that is not compatible with your system is like paying for something that you will not use.