2020 is the year where many people have turned to online shopping in a major shift in consumer behaviour. Of course, much of the change has been driven by the Coronavirus pandemic out of necessity.
Online shopping is not without some risks. In the period from 1st January 2020 until 31st October 2020, 489 Online Shopping Frauds have been reported to An Garda Síochána. The average loss was €2,306 per incident representing an overall loss to Irish citizens of €1,127,972.
With Black Friday, Cyber Monday and even Christmas fast approaching, we wanted to offer you some practical tips to getting value and protecting your finances.
Ireland can be a lucrative market for online shoppers. Over the past 4 years, Irish households consistently have ranked among the top spenders in the EU when it comes to Christmas.
The following tips are designed to help you consider and avoid some of the common risks that can result in fraud and excess charges to your online shopping experience.
Buy from trusted sources
Understand risk and think twice before purchasing
Check the seller’s reviews and ratings
Ensure data transfer is secure
Save all documents related to online purchases
If you don’t make a purchase, don’t leave identity or card details behind
Check the website payment security
Never send card details by email, text or other messaging methods
Don’t send money to someone you don’t know – check first
Use credit cards when purchasing online
In the meantime, stay safe. And don't forget. If you do need some extra cash for Christmas, ask about our Stay-and-Spend loan. You can check out the best rates on all our loans HERE.
2020 is the year where many people have turned to online shopping in a major shift in consumer behaviour. Of course, much of the change has been driven by the Coronavirus pandemic out of necessity.
Online shopping is not without some risks. In the period from 1st January 2020 until 31st October 2020, 489 Online Shopping Frauds have been reported to An Garda Síochána. The average loss was €2,306 per incident representing an overall loss to Irish citizens of €1,127,972.
With Black Friday, Cyber Monday and even Christmas fast approaching, we wanted to offer you some practical tips to getting value and protecting your finances.
Ireland can be a lucrative market for online shoppers. Over the past 4 years, Irish households consistently have ranked among the top spenders in the EU when it comes to Christmas.
The following tips are designed to help you consider and avoid some of the common risks that can result in fraud and excess charges to your online shopping experience.
In the meantime, stay safe. And don't forget. If you do need some extra cash for Christmas, ask about our Stay-and-Spend loan. You can check out the best rates on all our loans HERE.