Fashion apparels, jewelry, toys games and much more is being advertised on Facebook. Forget about just fan pages now a new shopping application will let you shop on FB.
The newly introduced shopping application allows users to enter the merchant’s site on Facebook itself and browse through the huge product categories and decide on the product to be purchased. The final payment happens on the merchant’s website. You can also share your favorite products with your friends and recommend them.
A lot of your favorite brands were there on Facebook but there was not much you could do. With the new application introduced you can shop online through Facebook and will not have to go around searching for sites selling your preferred brand products.
A lot of your daily life revolves around Facebook and with the shopping feature being added you cannot ask for more. Soon you will shop, recommend items to your friends or even warn them not to buy a particular product all this on a social networking site. When you know how much your friends like following you online you will love letting them know about your latest buy.
Some feel the e-commerce sites are doing a good job and social networking sites taking on to online shopping will spoil the essence. Not many are interested in letting the world know what they bought and how much discount.
Friday, April 23, 2010
Consumers Switching to Debit Cards
The use of debit cards while shopping is on a rise in UK. As per payment association Apacs buyers prefer using their debit cards the most. Credit card comes later on and the hardly used ones are cheques.
The declining rate of cheques was at 10.4%. The rise in credit crunch was very much visible; the number of credit card holders fell by 2% in 2008. The debit card registrations were however high.
As per the report there were 72 million debit cards and 73 million credit cards in circulation in 2007. The number of credit cards reduced to 71 million and debit cards rose to 75 million in 2008. The withdrawals done were also more.
People are spending wisely and thus avoiding the use of credit cards as it tempts them to shop impulsively. Very few High street stores accept cheques and so their circulation has fallen sharply since 2008. Online shopping is another contributing factor to the use of plastic money and decline in the use of cheques.
The rise in use of plastic money is justified but a lot of small business payments still happen through cheques.
Technology has opened many options for spenders but in the current situation people want to spend cautiously. Debit cards are ruling as they have no loop holes when compared to credit cards.
The declining rate of cheques was at 10.4%. The rise in credit crunch was very much visible; the number of credit card holders fell by 2% in 2008. The debit card registrations were however high.
As per the report there were 72 million debit cards and 73 million credit cards in circulation in 2007. The number of credit cards reduced to 71 million and debit cards rose to 75 million in 2008. The withdrawals done were also more.
People are spending wisely and thus avoiding the use of credit cards as it tempts them to shop impulsively. Very few High street stores accept cheques and so their circulation has fallen sharply since 2008. Online shopping is another contributing factor to the use of plastic money and decline in the use of cheques.
The rise in use of plastic money is justified but a lot of small business payments still happen through cheques.
Technology has opened many options for spenders but in the current situation people want to spend cautiously. Debit cards are ruling as they have no loop holes when compared to credit cards.
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