The BIN database, also commonly known as bulk sms service the Bank Identification Numbers database, is used for card verification. Any credit or debit card that is issued by a bank will have its information captured in the database. The database is then used as a tool for verification bulk sms service purposes. That is, the card being used will be checked against the information in the database. If found to be correct, the transaction will be approved. If found bulk sms service to be wrong, the transaction will be rejected instantly.
As you can see, the database can bulk sms service be a very useful tool if you are handling online transactions. What happens if the card that is being used happens to be stolen? Without a BIN list, you will never know - until the bank notifies you of a charge back. A charge back happens when the legitimate card owner files a dispute with the bank. and that the transaction is fraudulent. The bank bulk sms service is likely to side with the consumer. When that happens, the bank issues a charge back and the funds are returned to the card owner. The retailer will have to bear the charge back fees. What happens to the merchandise that has already been sent out to the customer The onus bulk sms service is on the retailer to get it back. As you can imagine, this task is fraught with difficulties.
It's a route that most business owners would bulk sms service rather avoid. Sometimes, goods can cost up to thousands of dollars per transaction, and the experience can be extremely painful. To avoid such cases, a BIN database can be downloaded and used to prevent card fraud. Traditionally bulk sms service, the database is only available in Excel format. This is a common database format and most developers would have no problems integrating the database bulk sms service with the back end of an ecommerce website.