Online sales to peak on 1st Monday of December

The first Monday of next month has been earmarked as the day when consumers and  businesses will spend the most money this year on online purchases.

According to Visa Europe, on December 3rd people are expected to spend at least £320 million on Visa cards alone.

The credit card company believes that 6.8 million purchases will be made on what is being dubbed Mega Monday – more than a fifth higher than on the same date last year.

Most people will receive their final paycheck before Christmas on November 30th and will rush to online retailers sooner rather than later to ensure they get their presents sorted while there is still plenty of money in their accounts. 

Experian expects that the day will see more than 100 million visits to UK retailers' sites, surpassing last year's record of 96.2 million hits on Boxing Day.

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Posted by Richard Esquilant

Source: The Sales Executive News