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Internet shoppers 'spending more'

Online spending is set to rise as buyers become less worried about Internet fraud, research has claimed.

More than half of online shoppers said they now spent more than they did 12 months ago, with 27% saying they spent around the same and just 16% saying they now spent less, according to Internet payments provider PayPal.

At the same time, two-thirds of Internet shoppers said they were not worried about becoming a victim of online fraud, and 56% said they were no longer concerned about sharing credit or debit card details online.

Just over half of Internet shoppers said they were happy dealing with brands they did not recognise, with just 15% still needing the reassurance of a shop with a high street presence.

Geoff Iddison, chief executive of PayPal Europe, said: "While online shopping has been experiencing consistently strong growth for the past five years, we believe that the market will take off this year and for future years to follow.

"We still have to address the concerns of a large number of users. But with online shopping becoming the norm rather than the exception and a groundswell of users with happy experiences to report, this becomes a far easier task.

"The payments business has a major role to play in that task of educating users about how to shop safely on the Web and we at PayPal are continually working to make the site even more safe and secure."

YouGov questioned 2,024 Internet users during March.

Copyright (c) Press Association Ltd 2005, All Rights Reserved.

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