Online shopping has grown considerably over the past decade. The following chart shows the growth.
The largest share of online revenue was generated by retail shopping websites. In 2012 it generated 210.3 billion U.S. dollars and it is forecasted to go up to 500 billion U.S. dollar by the year 2018.
Crooks use clever schemes to scam millions of people every year. They often combine sophisticated technology with old tricks to get people to send money or give out personal information. Sometimes they pressure people to make important decisions on the spot. But one thing they never change. They follow the money, and with increased online shopping they are there.
Online shopping is especially popular during the holiday season as consumers wish to avoid crowded stores when shopping for Christmas gifts.
The most important online shopping day has become the Monday after Thanksgiving. Last year shoppers spent 1.74 billion U.S. dollars on this day. Making Cyber Monday 2013 the biggest online spending day of all time.
It is much easier to compare items and prices on your computer rather than going to one shop after another.
It is fairly safe to shop online. Millions of people do so every day but you need to be careful when you shop online.
Keep in mind the following:
- The first thing you should notice when you are shopping online is if the website you are on is secured or not. It is very simple. If website url starts with https:// it is secured. The S stands for Secured.
- Try to find the seller´s physical address and phone number. A P.O. Box is not enough.
- Do an online search for the company name and website.
- Look for reviews.
- Don’t send money to strangers.
- Don’t reply to messages asking for personal or financial information.
- Read your monthly statements.
Enjoy online shopping.
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