How does an SSL certificate affect the security of online payments?

SSL

Internet users value e-shops primarily for their user-friendly interface, wide range of products, and prices that are lower than those in traditional stores. However, many people still have concerns about buying online. These concerns mainly revolve around the security of online payments. Some users remain hesitant to make a transfer or provide their card number. What role do SSL certificates play in securing such transactions?

International certificates and legal regulations
Transactions in online stores are currently carried out by services authorized to do so, namely properly integrated payment systems. They act as intermediaries between the online seller and customers. For their services to be legal, certain security standards for processing transactions must be met. These requirements are quite strict. Entities that mediate between parties in online transactions are also obliged to comply with specific legal regulations regarding protection. These include, among others, the Payment Services Directives (PSD) of the European Parliament, as well as the national Act on Payment Services. Furthermore, recognized payment organizations oversee the security of online transfers. This applies in particular to MasterCard and Visa, to which internet users owe the creation of the most important security standards for card payments – PCI DSS. SSL certificates, which operate worldwide, are also responsible for safeguarding online payments.

Payment security and SSL certificates
An SSL certificate is the most important and fundamental safeguard of internet connections. It was originally developed as a tool to protect websites, but it is also used to ensure the confidentiality of data transmitted electronically. SSL certificates have been used since the 1990s to validate domain credibility and secure the transmission of encrypted data streams. They are used in many areas of the e-commerce sector, including e-shops and auction sites, as well as banks and financial institutions. Websites secured with an SSL certificate provide safety for all consumers who choose to make online payments. Proof of the site’s trustworthiness is the padlock icon in the address bar and the HTTPS prefix.

Appropriate practices for internet users
Online shopping is generally not considered risky. The percentage of people who worry about payment security is steadily decreasing, thanks to a significant increase in awareness and knowledge about security measures among users. However, when shopping in an online store, it is advisable to use common sense and remember to follow appropriate practices. In this way, you can be sure that your online purchases will be completely safe. Above all, you should only buy from reputable and trustworthy sellers. The shopping platform should have an online payment system implemented. Any website that requires codes from an app and asks for login credentials must also be secured by an appropriate SSL certificate. It is also worth remembering to make online transfers only when connected to a trusted network, if possible. Using a public hotspot carries certain risks, so it is best to do online shopping from home.

If you are looking for an SSL certificate that guarantees the highest level of security – particularly if your service allows online transactions – check out our range of EV SSL Certificates.

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