Understand what you need
Before making changes to your business operations to allow you to collect payments from customers online, it’s important to understand what’s required. Below are some things you’ll need to put in place.
An online store or e-commerce system
You might already have a website for marketing, and now your business is growing and you want to add an online shopping cart. This part of your website needs to be well-built and secure as makes it a prime target for cyber attackers. Because of this added risk, it’s important to do your due diligence as not all online stores are created equal. Your first decision is whether you want a custom-made e-commerce system or an off-the-shelf product.
There are many well-tested off-the-shelf options for online shopping carts (such as Shopify, Squarespace, or Wix). These dedicated e-commerce companies continually update their software to respond to evolving risks.
If you choose to have an e-commerce system custom-made for your website, make sure you understand what security features this will offer. Although they’ll be the ones doing the technical work, you’ll be responsible for keeping your customers’ information safe.
Risk assessments for your business