CS

Holiday Online Spending to Rise Again

Oct. 25, 2010

Spending online will continue to increase this holiday season, according to research commissioned by online alternative payment company eBillme. The Rye Brook, N.Y. company’s quarterly Online Spending Index found that during the fourth quarter, consumers are planning to spend an average of $283.68 online, a 3 percent increase over Q4 2009. The Index also said 38 percent of consumers plan to spend more online for holiday gifts this year, a 9 percent increase over last year. “While consumer spending remains cautious for the holidays, our Index shows opportunities for the online retail sector,” says Marwan Forzley, president and CEO of eBillme. “More consumers will turn to the Internet for holiday shopping this year putting online retailers in a better position to attract customers and sales. The fact that 33 percent of consumers shopped without credit cards last year is evidence that consumers are approaching holiday shopping differently. They are saving and spending within their means rather than following the buy now pay later mantra. We expect to see similar shopping habits this year as the number of consumers preferring cash over credit continues to increase.” The Index polls 1,200 consumers to measure projected online spending for the quarter and the influencing factors.

 Average 3.5 out of 5
 Your Rating:
Your Review:
  
  • 2013 CNP Award Winners Revealed - May 22, 2013
    2013 CNP Award Winners Revealed May 22, 2013 Seventeen card not present service providers took home 18 awards in nine different categories tonight in the 2013 CNP Awards. The awards, presented by Steven Casco, founder and president of CardNotPresent.com, at

CS

  • CNP Expo: PSPs on the Rise - May 21, 2013
    Some 150 PSPs are now in operation, including disruptive players like Square that are capturing a target market of young business people who have been overlooked by traditional financial institutions.
  • CNP Expo: Unique Fraud Challenges for Digital Goods Retailers - May 21, 2013
    For digital merchants, turning away legitimate business through fraud prevention measures is riskier to the life of their business than allowing a few fraudulent transactions, but fraud prevention remains a priority, since customer account takeovers and a high volume of fraud can close down a merchant site.
  • ZooZ Nets $2 Million in New Financing - April 25, 2013
    The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
  • PayPal Q1 Revenue Up 20% - April 22, 2013
    PayPal parent eBay reported first-quarter earnings late last week and said payment volume processed by the unit rose 22 percent from the same period a year earlier to $41 billion. Revenue also increased, up 20 percent year-over-year to $1.5 billion.
  • Zipmark Enables Digital Checks - April 18, 2013
    Zipmark, a New York City-based startup enabling businesses that typically accept paper checks to accept e-checks online and via mobile, has partnered with Rearden Commerce to enable B2B online payments.

PV

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:
* Category:
Company:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here