What is the difference between shared SSL and private SSL?

The shared SSL will use a domain that is not yours, so the web browsers will warn the users about the site's validation. By purchasing a private SSL you will have not this problem as the private SSL will use your domain.

Private SSL is preferred for protecting credit card information for E-Commerce websites. This is because shared SSL warnings make people uncomfortable with submitting their credit card information on your website.

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The type of SSL Certificate you need is: WHM/cPanel ή Apache+Mod_SSL