I was also wondering about this didnt know much about the subjext myself and googling it brough some contradicting answers.
The best summary I coulf find was this :
Yes, they’re not all the same. They have different types like Domain Validation SSL (DV SSL), Business Validation SSL (OV SSL), Extended Validation SSL (EV SSL), Wildcard SSL, Multi-Domain SSL.
A certificate authority issues a different types of SSL certificate as per business needs. Let’s discuss the types:
Domain Validation SSL (DV SSL)
Lowest level of authentication certificate
Issued very quickly
No company information is checked
Situations where trust and credibility are less important
Use only for web-based applications that are not at risk for phishing or fraud
Avoid using for websites that handle sensitive data
Business Validation SSL (OV SSL)
More secure step up from DV
Checking up on ownership of the domain name
Carry out additional vetting of the organization
Company information is displayed to visitors on the certificate
Public-facing websites dealing with less sensitive transactional data
More thorough vetting process than DV
Company information is displayed to users
Provides a certain level of trust about the company who owns the website
Extended Validation SSL (EV SSL)
Gold standard in SSL certificates
Rigorous Validation Process
Shows green browser address bar and the name of the legitimate website owner
E-commerce sites and websites handling credit card and other sensitive data
EV Certificates come with the green browser address bar
Increase user trust and lower bounce rates and shopping cart abandonment
Easyhost you seem knowledgeable about this is this a accurate summary ?
Not every website need paid SSL. If your website does not collect customer's sensitive information, you can use Free SSL for your website which will help for seo purpose and create possitive image on client.