Is the Information in a BINbase Database Legal?

BINbase database are common on the Internet. Each one features a database of Bank Identification Numbers for debit and credit cards, which may either be purchased, or downloaded, or accessed via a BINbase database search. The Bank Identification Number discloses information such as the type of card, the country that issued it, and the bank that issued it. Businesses use BINbase database software to screen for credit card fraud and to monitor their sales.

To some people, the very idea of a BINbase database file, much less hundreds of thousands of them might seem unethical and illegal. Is it not against the law to keep credit card numbers?

The answer is that it is legal. The numbers that make up a BINbase database listing are not entirely credit card numbers, just the first six digits. They are not unique to any one card, but numbers that are designed to be used for identification purposes-that is why they are known as the Bank Identification Number. If you have a credit card, then any person who has the same kind of card, issued around the same time yours was, by the same bank, will share its BINbase. The rest of the number is assigned by the bank and not known by anyone outside of it.

A BINbase database gets its numbers legally, from honest sources. Some cards like MasterCard and Visa publish regular lists of BINbase. Other card numbers are gathered from merchants and vendors, who are doing nothing wrong since they are not giving away any person's full credit card number.

What is illegal is the use of stolen credit cards. When someone uses a credit card number fraudulently, usually what happens is that the charge is accepted initially, until the credit card company discovers from the customer that the card number was stolen. At that point, the company performs a chargeback, where they take their money back from the business they paid it to. The one left paying the tab is the business, or merchant. That is why BINbase database and BINbase database search websites are so very useful. They exist to prevent crime, and to help businesses protect themselves against scoundrels.

BINbase database credit card information is particularly useful, although BINbase include debit and prepaid cards. Most often credit cards are the card of choice for online purchasing, and thieves favor them because most credit limits are higher than the average bank account, giving them more to steel. When you see a credit card that was issued in France used to place an order for Bolivia, and then it may be time to clear the purchase with the issuing bank. That is only one of many clues used to alert businesses that a credit card purchase may not be above board.

Get access to a BINbase database as soon as possible. If you own a business, you are almost certain to see a decrease in chargebacks. Some companies use a BINbase database download to create proprietary software to monitor their financial transactions. Discover the possibilities for your business!

Businesses use Binbase database software to screen for credit card fraud and to monitor their sales. For more information visit: http://binbasereview.com/