What are the Risks of Running an Online Store?
Going online opens a vault of growth opportunities for individuals as well as businesses. At the same pace, it opens the doors for risk of easy access to a lot of databases & information on the web. Before deciding to take your business online, you must educate yourself and determine the potential risks associated with the ecommerce business.
Being an ecommerce platform, we know the challenges that business owners face while selling online, and Builderfly strives to create a risk-free experience for your shoppers. If you are planning to start selling online really soon, take a pause, go through the risks we mention here, and be well-prepared for any storms that may arise in your future venture!
Understand The Risks Of Selling Online & Fix Them With Builderfly
Online Security Breach
Every online business is vulnerable to cyber-attacks and security breaches. Such online security risks may include unprotected web services, phishing, and website hacking. With the development of technologies, many hackers have also come up with the ability to breach any company’s network in order to access their confidential information. Builderfly secures your online store with a free SSL certificate to avoid such mishappenings, abiding with the security standards.
Intellectual Property Infringement
When it comes to ecommerce businesses, protecting the IP is of prime importance. This includes protecting the website logos, products, taglines, images taglines, web content, and other icons. The infringement of intellectual property and copyright rules can turn out to be a costly affair for the ecommerce business. You can opt for taking a trademark certification as you establish your business on the web to avoid such issues in the future.
Poor Authentication Methods
Poor authentication tactics can compromise the security of your online store. With strong authentication methods, we can potentially combat such attacks. Employ two-factor authentication or multi-factor authentication processes to secure your online business. We advise you to keep a strong password for your store to secure your business in the first step itself.
Credit Card Frauds
Not only hackers, but anyone can use stolen credit card information to make an online transaction. However, as an online seller, you can avoid such frauds by being PCI compliant, using Secure Socket Layer authentication, and other security measures. Builderfly is partnered with reliable payment gateways like RazorPay, PayTM to offer a risk-free shopping experience for your shoppers via our PCI DSS-compliant payment gateways.
Consumer Disputes
Mostly, disputes arise when the consumer is charged for the order but does not receive any confirmation or get delivered with the same. While sometimes, it may arise when the consumer gets charged twice for a single order when the product description does not match the actual product delivered to the consumer, and the list can go on. Avoid such fraudulent refund requests by drafting a precise return & refund policy for your Builderfly store.
Narrow Visibility on Web
Since Google’s algorithms keep changing, your ranking can be drastically affected. Low ranking implies low web traffic on your ecommerce website/ store, which eventually refers to poor sales. Improve the organic ranking of your product detail pages, increase the visibility of your product category pages & other web pages implementing innovative SEO tactics on your own with Builderfly. Our responsive pro themes & inbuilt marketing and growth tools will help you stand out and spread your business on the web.
Start Selling Online Risk-Free With Builderfly
Sign Up
Follow easy sign-up modes, register your business online at Builderfly & secure a place for your business on the web. Use the social sign-up option or register your business with a valid mail address and business name.
Secure your store with free SSL
Opening a business with Builderfly is secure & easy. Every store gets a free SSL certificate to protect sensitive information on the online store & enable encryption for the payments processed online through our store.
Secure Payment Gateway
Choose our secure & reliable payment gateways for shielded transactions through your online store and mobile app with Builderfly and proud partners Razorpay. We don’t save your banking details to ensure secure transactions with our trusted payment partners.
Trusted Shipping Partners
Overcome the challenges of logistic & shipment issues. Deliver on time with our trusted shipment service providers Shyplite & serve in every nook of the country at affordable shipping rates. Process & manage all your shipments centrally with your Builderfly store.
Get custom SSL
Add a significant level of security to your online store with a custom SSL certificate exclusively for brand owners. Even if you own a chain of online stores, now, you can secure your SSL traffic across multiple domains with a custom SSL for your business.
Minimize the online selling risks with Builderfly!
Our PCI DSS compliant payment gateways and reliable shipping service providers help you thrive against the challenges of selling online. With 99% up-time, free SSL certificate, and trusted payment service providers, enjoy the benefits of hassle-free online selling with Builderfly.
Build Your Online Store for FreeFAQs
What are the threats of selling online?
Payment frauds, data breaches, and customer disputes are the common threats of selling online.
What can you do to avoid payment fraud?
Relying on trusted payment service providers that follow government guidelines and keeping your policies updated for the latest cyber commerce norms help you minimize these payment fraud concerns.
How can you keep yourself safe against seller fraud?
Seller fraud is one of the rising challenges in ecommerce, increasing on the web with the arrival of the marketplace due to exchange & return policies. When selling via your online store, you can request shoppers to reach you prior to availing of returns & refunds for better clarifications.
How can you offer a risk-free shopping experience to your shoppers?
Keep periodic checks on your transaction cycle, and place test orders for smooth functioning of your online store. With Builderfly’s trusted payment partners & shipping service providers, we help you create a risk-free experience for your shoppers on the web.
