What is GDPR and how does it affect e-commerce businesses?
An example of an AI chatbot conversation about GDPR's impact on e-commerce.
What is GDPR and how does it affect e-commerce businesses?
GDPR stands for General Data Protection Regulation. It is a regulation in EU law on data protection and privacy. For e-commerce businesses, it means they must ensure that customer data is collected, stored, and processed in compliance with strict guidelines.
What are the main requirements for e-commerce sites under GDPR?
E-commerce sites must obtain explicit consent from users to collect their data, provide clear privacy policies, allow users to access their data, and ensure data security.
What happens if an e-commerce business fails to comply with GDPR?
Non-compliance can lead to hefty fines, which can be up to 4% of annual global turnover or €20 million, whichever is higher.
How can small e-commerce businesses ensure they comply with GDPR?
Small e-commerce businesses can ensure compliance by implementing clear privacy policies, using secure payment gateways, and regularly training staff on data protection.
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