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. Some of the questions they ask are whether their sensitive financial and personal information will stay secure and whether they’re transacting with a reliable 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. So, how can you build confidence? You have to guarantee them that it is possible to manage their payments safely. How do you achieve that? Here are a couple of methods you can use, so keep reading.
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 avoid this from happening by deciding on a secure platform for your e-commerce website. In that instance, an open source e-commerce platform would be a great idea because you will receive consistent get security updates which will help protect your website from hackers.
Tip 2: Get the Facility to Accept Payments Securely.
Your website needs a facility to take payments. If you’re managing only small transactions with a couple of clients, subsequently, a merchant account is going to work for you. It will help you accept various sorts of electronic payments developed from Andrew Phillips Cliq innovations such as credit cards. 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 very important since you need something which will protect your clients’ sensitive information, such as their shipping addresses, credit card numbers, and their names.
Tip 3: Provide Other Payment Choices.
Credit card details may be quite a dangerous and tricky endeavor. It also means a good deal of responsibility for you because 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 alternative is PayPal. All they need to do is input their account’s e-mail address and authorize the transaction, and they’ll be good to go. The only problem with this kind of choice is that they come with hefty transaction fees that could hurt your profits.
You can build trust with clients online just like you do in the real world by making them feel safe when they’re purchasing 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.