SSL (secure socket layers) simply encrypts information as it is transferred across the internet.
A shared SSL displays as https://ip/~yourusername/. A private SSL would display as https://www.yourdomain.com in the address bar. Private SSLs are specific to a customer's name address and company listing to ensure a higher level of security.
The Shared SSL will provide encryption, but not authentication for your domain. It will give a security warning when you visit the website. This is because the SSL certificate is not issued for your specific domain, instead, it is issued for the server you are on. If you choose to view the certificate by clicking on "View Certificate" in the security error pop up, then you will see that under "Issued To:" the Common Name ( CN ) is set to either *.code-three.com or *.websitewelcome.com.
The Shared SSL is not very good for E-Commerce websites. This is because it does not make people comfortable with submitting their credit card information on your website when the security error is seen. All websites that will be taking credit card transactions directly on the website should use Private SSL.
Private SSL will not cause any warning messages to show up when people view your website securely.
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