16th November 2023, Sydney – It’s no secret that Aussies love a bargain and new research from PayPal shows that 82% of Aussies plan to shop the online sales this year.1 With Christmas just around the corner, Aussies are hoping to take advantage of the biggest online shopping events of the year over Cyber Weekend on 24-27 November.
Almost half of Australians plan to shop the online sales on Black Friday (44%), with Early Bird Black Friday Sales (35%), and Cyber Monday (28%) also being popular. Home-grown online sales event Click Frenzy also attracts clicks (17%) while the Boxing Day sales are in demand with 41% of Australians joining the traditional post-Christmas rush online.
Seizing the sales to save
Amid the cost-of-living crisis, the top strategy Australians are using to keep Christmas costs in check is to shop online during the sales periods (38%) and half of Australians (49%) say you can still have a great holiday season if you spend wisely, leverage the online sales and shop sensibly. Just over a third of Aussies also plan to use coupons, cash back, points and loyalty vouchers (36%) this year.
Ditching the crowds for the couch
Saving dough isn’t the only reason people opt to let their fingers do the walking rather than their feet during sales season. Over half (53%) of Australians will be shopping online to avoid the “crazy crowds”, with 42% saying it’s faster and easier to shop the sales online. Further, 40% of Aussies say that it’s easier to compare prices and bag better deals when shopping the sales online. For more than a third (35%) they simply prefer to shop from the comfort of their own home.
Alison O’Brien, Consumer Shopping Expert at PayPal Australia says, “The popularity of online sales continues to soar and it’s easy to understand why. Online sales offer more choice, convenience, and the ability to quickly compare prices and nab the best deal. This year, our research is showing that people are consciously waiting for the online sales period as a strategy in response to cost-of-living pressures. However, as we all rush to find the perfect gifts at the lowest prices, people need to keep online safety top of mind whenever shopping online.”
Successful and Safe Online Sale Shopping
Three-quarters of Australians (74%) are more concerned about their online safety and security than they were 12 months ago. And almost 2-in-5 Aussies (37%) have abandoned purchases due to security concerns or because their preferred payment option wasn’t available.
While online shoppers are more aware than ever of the dangers, the stimulation and excitement of online sales periods could lead to lapses in attention from shoppers, making them more vulnerable to sophisticated scammers who will dial up the pressure with “limited time offer” messages, hoping that shoppers will panic and take a risk.
So, it’s also important to be vigilant at every step of the online shopping process to ensure you’re shopping on secure connections and from legitimate businesses to avoid being scammed while trying to snag a bargain.
PayPal recommends several strategies to ensure a successful and safe online shopping experience this sales season.
Look for local deals: Avoid postal panic this Christmas and buy from your own backyard to avoid international delivery times. You can also feel good about supporting the Aussie economy.
Check online reviews: If other shoppers have had negative experiences with a specific company, including fraud, they may have posted about it online to warn others.
Do your research: While you can’t beat exhaustive manual online research, online tools such as PayPal Honey can help by quickly checking for any special offers you may otherwise have missed.
Don’t count your savings till they’re shipped: There’s nothing like finding a big saving at the end of a serious web search, but always double check the shipping fee to make sure you’re comparing deals properly.
Know your returns options: Give yourself a way out if the gift isn’t 100% right and shop with retailers that offer a reasonable returns policy.
Look for the lock: When shopping online, check to make sure the site is secure by checking the web address begins with https:// and includes a padlock icon. This normally indicates that the site has some security features in place.
Keep your financial details safe: By using a secure payment method like PayPal you can help protect your personal and financial information from potential fraud and give yourself the best odds that your transactions remain secure.
Avoid public and unsecured wi-fi networks: Always use a trusted wi-fi network when you’re shopping online. Hackers can use unsecured wi-fi networks to tap into devices and steal information.
82% of Australians will shop the online sales this year.
38% of Aussies say shopping the online sales will help keep Christmas costs down.
Three-quarters of Australians (74%) are more concerned about online safety than they were 12 months ago.
According to the ABS, more than 13 million Australians were exposed to scams in the past year with the most common attempt at fraud by phone or text message.
About the Research
End-of-year online sales period statistics in this release are taken from the PayPal 2023 Consumer Research. The research was produced by PayPal Australia Pty Limited based on an online study conducted by PureProfile with n = 1,001 consumers. The sample consisted of n = 1,001 Australians aged 18-75. The sample was weighted by age, gender and location to ensure data was nationally representative. The research was in the field from 25th September to 28th September 2023.
Consumer security statistics in this press release are from the PayPal 2023 eCommerce Index. The research was produced by PayPal Australia Pty Limited, based on an online study conducted by Fifth Quadrant with n = 1,012 consumers and n = 408 businesses. The consumer research consisted of a sample of n = 1,012 Australians aged 18 - 75. The sample was weighted by age, gender and location to ensure data was nationally representative. The business research consisted of a sample of n = 408 decision makers within Australian businesses. All businesses had to sell partially or wholly to consumers, and partially or wholly online. Quotas and the sample were set on turnover and location. The research was in the field from 14th June to 17th July 2023.
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering hundreds of millions of consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com.
About PayPal Australia
PayPal has been operating in Australia since 2005 and has 9.3 million active customer accounts. PayPal enables Australian consumers and businesses to easily and securely send, receive and manage their money. The PayPal service is provided by PayPal Australia Pty Limited (ABN 93 111 195 389) which holds an Australian Financial Services Licence number 304962. PayPal Credit Pty Limited (ACN 600 629 258), is the credit provider for PayPal Pay in 4 and PayPal Working Capital (Credit Representative number 527212). Visit PayPal Australia Newsroom for more information and follow us on X (formerly known as Twitter), Instagram or Facebook.
To contact PayPal Australia’s media team, please email paypalAU@edelman.com or call 0403 414 248.