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. How can you establish trust among your customers? You will need to assure them that you can manage their payments securely. How can you do that? There are several tips to guide you, so read on.
Tip 1: Have a Secure Site.
No matter how secure your payment gateway is, you will find a critical backlash from the customers in case your site becomes endangered. It is possible to avoid this from happening by deciding on a secure platform for your e-commerce website. If that’s the case, open source e-commerce platform is highly recommended because you will receive consistent security updates that will help protect your website from hackers that want to take down your site.
Tip 2: Have the Facility to Accept Payments Securely.
Your site requires 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 can allow you to accept different types of electronic payments like credit cards and other Andrew Phillips Cliq electronic modes of payment. But if you are also going to manage to ship a vast number of orders, then you will have to get a payment gateway. Whatever merchant accounts and payment gateway you choose, ensure it has built a reputation for dependable security. This is essential as you need something which will secure your clients’ sensitive data, such as their sending addresses, credit card numbers, and their names too.
Hint 3: Provide Other Payment Options.
Handling credit card details may be a tricky job. Additionally, it means a great deal of obligation for you because you’re the site owner. Good thing there are several other payment choices which don’t require customers to supply their credit card details. 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 thing issue with this sort of alternative is they include hefty transaction charges that could lower 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.