Shoppers continued to make more of their holiday purchases online this year, and they're spending more on experiences, according to new card-transaction data from CO-OP Financial Services.
The Rancho Cucamonga, Calif.-based company reported that 27.5% of the credit card transactions it processed between Thanksgiving Day and Cyber Monday came from electronic environments, compared to 25% in 2017. Debit transactions that came from electronic environments also increased, rising from 14.8% in 2017 to 16.6% this year.
Cardholders didn't just do more shopping online — they made bigger purchases online too, according to the data.
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