How to Handle E-Commerce Payments Securely
Although a growing number of people choose to shop online with their credit cards, there are l those who decide not to due to the risks involved in such transactions. A few of the questions they ask are whether they can be certain that their sensitive financial and personal information will stay protected, and that they’re transacting with a trusted merchant.
These can be hard to establish, especially if your e-commerce site is fairly new and it hasn’t got lots of feedback from your customers yet. How can you establish trust among your customers? You have to guarantee them that it is possible to manage their payments safely. How can you do that? There are several tips to guide you, so read on.
Tip 1: Have a Secure Site.
Regardless of how stable your payment gateway is, you may get serious backlash from your customers if your site becomes endangered. It is possible to prevent this from happening by picking a secure platform for your e-commerce site. If that’s the circumstance, we strongly advise that you select an open source e-commerce platform, since, you are going to get consistent security updates which will help safeguard your site from hackers that are going to want to take down our site.
Tip 2: Get the Facility to Accept Payments Securely.
Your website needs a facility to take payments. If you are managing only small transactions with a couple of clients, a merchant account will be ideal for you. It will allow you to accept different types of electronic payments like credit cards, electronic checks and other payments created by Andrew Phillips Cliq. However, if you are also likely to handle shipping of a massive quantity of orders, then you will have to get a payment gateway. Whatever merchant accounts and payment gateway you choose, ensure that it has already built a reputation for reliable security. This is essential as you need something which will safeguard your customers’ sensitive information, like credit card numbers and shipping addresses.
Hint 3: Give Other Payment Choices.
Credit card details may be quite a dangerous and tricky endeavor. In addition to that, it means lots of responsibility for you since you are the website owner. The great thing is that there exist other payment options which don’t require clients to supply their credit card information. One such choice is PayPal. All they should do is input their account’s email address and authorize the trade, and they’ll be all set. The only problem with this kind of choice is that they come with hefty transaction fees that could hurt your profits.
Whether online or in the real world, you can build trust among customers by making them feel secure when buying from you. And you can do this on your e-commerce site by offering them with safe and protected options by which they can transact with you.