The traditional shopping frenzy on Black Friday is preceded by a massive increase in online transactions on Thanksgiving. Consumers take advantage of 24/7 access to webshops and online sales soar during the Thanksgiving holiday season

GlobalCollect sees YOY growth of 74.6%

Amsterdam, The Netherlands – GlobalCollect, the preferred global Payment Service Provider for both CNP transactions and alternative payment products, witnessed an increase of 96.7% in its daily transaction volume in the US during the recent Thanksgiving holiday. Driven largely by special offers from global merchants, a significant increase in transaction volume is also visible outside the US. Looking at the overall economic climate, the 74.6% YOY growth of US Thanksgiving day transaction volumes clearly proves that the online economy is marching to a different drum.

Thanksgiving shopping becomes an international trend
Although Thanksgiving is a national holiday in the US, transaction volumes outside of the US market also grew significantly. Driven by special deals offered by eCommerce merchants outside of the US, GlobalCollect saw its transaction volume grow by 39.3% this year; in comparison, this number was just 20.3% in 2010. This international growth trend clearly points out a further globalization of the eCommerce market.

Online shopping extended to entire holiday weekend
The significance of the traditional shopping on Black Friday and Cyber Monday is clearly diminishing, as increased volumes at Thanksgiving remained high over the following days until Cyber Monday. Online shoppers clearly welcome the ability to shop at times convenient for them rather than being restricted to brick and mortar shops’ opening hours. Below graph illustrates this trend, displaying the volume of new transactions being submitted to GlobalCollect’s WebCollect system during the Thanksgiving holiday weekend.

About GlobalCollect GlobalCollect
is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail, and telephone orders, and specializes in a wide range of industries such as travel, retail, online gaming, financial services, telecommunications, publishing, portals, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in almost 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices.

Contact GlobalCollect
Bettina Duske
Senior Manager PR & Marketing Communications
e-mail: press.globalcollect@globalcollect.com