It’s Manic Monday As Online Shopping With Credit Cards Increases
Published: 29 November 2010 By MoneyHighStreet Staff Leave a Comment
With today, Manic Monday, expected by many to be the busiest online shopping day of the year, it’s perhaps not surprising that there’s a general increase in online shopping with credit cards.
According to retail comparison website Kelkoo, spending online today, Manic Monday, will hit £22.4 million an hour.
Rather interesting when to add to this research from Sainsbury’s Finance shows that we are spending on average £192 per month, equating to a total collective spend of almost £6.4 billion online each month.
The most popular items bought online with a credit card are DVDs and music, followed by books, fashion items and holidays.
According to Visa Europe, 74% of customers plan to buy Christmas presents online this Christmas.
As a sign of where smartphones such as the iPhone and Samsung Galaxy are changing the way we shop, 10% of shoppers say they will use their mobile phones to buy most of their presents.
Police and the National Fraud Authority are warning that criminals will be targetting internet shoppers and it is therefore important to take care and stay safe whilst doing your online shopping.
Top Christmas presents likely to be bought today include such as
- Electronic gadgets – such as the iPod Touch, iPod Nano
- Gaming consoles – PS3 with Move controllers, Xbox with Kinect, Wii
- Games – Gran Turismo 5, Call of Duty: Black Ops and Super Mario Galaxy 2
- Toys – Lego City, Toy Story characters, scaalextric
- Large items – furniture, televisions being bought now to avoid the increase in VAT from 17.5% to 20% in January.
Some online retailers are expecting other days to top today in terms of purchases. The IMRG, the online retailers trade body for example is predicting trading will peak during lunchtime on 6 December.