Verify Your Credit Card Transactions With a BIN Numbers List


Customers can be defensive. Anyone, who has ever worked retail, can tell you this. They are not always sure of the technologies used, and they are very protective of their personal information. They do not wish to be spammed by a store or an illegitimate enterprise. They value their privacy and the right not to be annoyed. In a perfect world, you as a business owner would not be suspected of questionable practices, but there have been too many businesses that have upset customers with their payment processing practices, even when the ultimate purpose behind instituting them was for fraud prevention. When this happens, it is due to a lack of communication between the business and the customer. Not enough is said about fraud prevention’s role in the payment processing process, and as such, customers are not always sure why you need to see their drivers license or why you may need a credit card on file. That’s why it is so important that you make customers your partners in the online BIN list you’re thinking of purchasing.

By being upfront with your customers about the dangers that are out there, you are more likely to win their approval and their cooperation. Chances are the public is learning more about identity theft and fraud prevention anyway, so it is getting easier than ever before to engage them in a meaningful dialog at the checkout center. Many times you may not even need to say a word. When a transaction is on the up and up, with a clearly identified bank, card type and number, there won’t be any issues come back for question. But when there has been an alert set up for a lost or stolen card, you’ll need good customer service skills to navigate the sometimes messy waters of fraud prevention.

Should an alert arise, whether from the BIN-to-Country, BIN-to-Brand, or bank identification, simply explain the situation to them and follow the fraud prevention protocol established by your online BIN list provider. Normally, you will need to ask to see a photo ID, so if you can train your employees from the beginning to always ask for this verification upon processing both legitimate and questionable payments, you’ll find more success and goodwill on the other end of the transaction.

There are so many reasons why you should be signed up with an online BIN list, but chief among them is the service that you can provide to your clients and the protection that you can give to your business. There are many predators out there, and they are growing more crafty and advanced in their tactics. Only by employing an online BIN list that is up to date and accurate can you find success.

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