BIN files Can Help You To Optimize Recurring Billing Process

Recurring billing is an important feature which is used by many businesses today. If your business is one of those which need it you will be interested in the article describing the possible ways to optimize recurring billing process. The data obtained from BIN files can be helpful, you just need to know how to use it effectively.

First, you can prevent the usage of pre-paid and gift cards. This ‘trick’ is often played by those people who want to use a free trial period and do not want to pay for the membership or the service afterwards. BIN files can help to identify such cards beforehand and it gives you an opportunity to block the accounts of such users.

Second, you get the possibility to identify cards which can be processed through debit networks and reduce processing expenses. If to take into account the fact that payments are processed on the subscription bases the savings can be significant.

There is one more way how you can use the information from BIN files, if you want to find it out read the full article at #Paylosophy. What is more the detailed explanation of the above mentioned issues with illustrative example is also available there.