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Tips For Small Merchants: Protecting Payment Data During COVID-19

The entirety of the last year has been an experience like no other for all of us. However, small merchants have had to suffer a bit more given the uncertainty of the situation. In a bid to make up for all the losses incurred during the past year, a lot of small merchants have begun adopting e-commerce methods by opening a merchant account. Unfortunately, these moves that can boost the business also increases the risk of cybercrime. Here are a few tips for small merchants looking to open an online merchant account to protect their payment data during COVID-19.

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Tips For Small Merchants: Protecting Payment Data During COVID-19

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  1. Tips For Small Merchants: Protecting Payment Data During COVID-19 The entirety of the last year has been an experience like no other for all of us. However, small merchants have had to suffer a bit more given the uncertainty of the situation. In a bid to make up for all the losses incurred during the past year, a lot of small merchants have begun adopting e-commerce methods by opening a merchant account. Unfortunately, these moves that can boost the business also increases the risk of cybercrime. Here are a few tips for small merchants looking to open an online merchant account to protect their payment data during COVID-19. Avoid storing card info Storing the card data is risky since it can be misused. Don’t write the card numbers down, instead enter them into various secure terminals that are available for use. Use strong password The password of your merchant account is the key to all your data. Using weak passwords often makes you vulnerable to data breaches. Your password needs to be strong and should also be regularly updated. Also, never share your password with anyone. Keep your software up to date Outdated software can be taken advantage of. The latest updates come with better security patches. Be sure to update your software. Beware of phishing Beware of legit looking emails and messages that ask you to share your credentials, online merchant account numbers, and so on. More than most times, this is a tactic to gain your info to commit fraud. Be vigilant. Use strong encryption Encryption protects your data by making it unreadable without a specific key. Taking your business online is an excellent way to reach more people. Don’t let the risks put you off the course to expand your business. Follow these tips properly and you will do just fine.

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