If you have an online store, then people aren’t going to put in their credit card details if they think there’s any risk of you stealing this information, meaning you’re less likely to sell products online.
How to structure it
If you need a breakdown of the language used, then the EU has produced a guideline to the wording. If you want to read the legislation to see the exact wording in the legislation, then read Articles 12, 13 and 14 of the GDPR.
According to the GDPR, a privacy notice must be:
- Written in concise, legible language
- Written in clear and unambiguous language, with special care taken if the site is directed to a child
- Provided for free