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Card spending drives online shopping rise
Card spending drives online shopping rise
24 August 2009 09:29:03
An annual increase of 14% has been noted.
Britain's consumers are using credit cards to buy goods and services online in greater numbers, new figures suggest.
According to the latest IMRG/Capgemini E-retail Sales Index, overall sales rose 14% year-on-year between January and June 2009.
Moreover, an increase in the number of total retail transactions that are conducted online, rather than on the high street, was also noted.
In June, 3.3% of all sales were internet based, up from June 2008's 2.7%.
James Roper, chief executive officer at IMRG, said: "The internet is the easiest place to find the best price for anything from holidays to a new pair of running shoes.
"More people are looking online with a view to saving money on both day-to-day and one-off purchases."
UK customers are recommended by banks to use credit cards, rather than debit cards, for online use.
This is because these transactions are protected by the Consumer Credit Act, meaning that the customer can claim a refund from their card provider if they suffer a breach of contract.
Debit card purchases can be reclaimed from the retailer only.
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