In today’s world, in case you have an eCommerce website, howsoever amazing it may be, you need to get it secured through SSL certificate or else your clients would simply leave without purchasing from your website. Nobody wishes to share their card details on a site which isn't secure. Here is a list of the different types of SSL certificates and what they mean:
Extended Validation (EV) SSL Certificates: The Certification Authority (CA) thoroughly checks the right of the visitor for a particular domain name and also reviews the organization to guarantee that it abides by the EV rules laid down by CA/Browser forum. It enables the green bar at the address bar that leaves the visitors guaranteed about the site's security with no uncertainty.
Organization Validation (OV) SSL Certificates: The CA leads an essential confirming of the organization with the right to utilize a domain area. The data about the organization is also accessible to the visitors of the site when they check the certification details. But, it isn't as exhaustive a check as is done for an EV SSL Certificate.
Domain Validation (DV) SSL Certificate: The CA just checks the right of the applicant to utilize the domain and there is no verifying of association.
EV SSL is presumably, the most secured one but it is an exceptionally costly certificate. If you are small business owner, you won't necessarily have the scope to shell out such a huge amount. EV is appropriate for medium to large businesses but in case you can bear the cost of this or need to invest for long term benefit by building your credibility as the most trusted business, there is no preferable decision over an EV SSL certificate!
Now, in case you have just begun your online business and don't have a great deal of the cash-flow to put resources into a SSL certificate yet you want to make your clients feel safe about the security of their delicate data like card, PayPal or bank account details, you should purchase Organization Validation (OV) Certificate. In the event that your site needs to get to all these financial details then you should at least get an OV certificate on the grounds that the Domain Validation (DV) Certificate is a very low-value certificate.
While issuing Domain Validation Certificate, the CA doesn't check the identity of the organization; it just checks the right of the candidate to utilize the domain. At the most, the DV certificate can secure the login and password details of your clients by safeguarding your site against malware. In case yours is an internet business that collects details of cards and other sensitive information, it is best to purchase SSL Certificate which in any event gives Organization Validation.