Cyber Monday 2014: What is it and just how big will it be?

Your guide to Cyber Monday

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The Independent Online

If you thought the Black Friday shopping frenzy was over, think again. Here comes Cyber Monday. This is what you need to know:

What is Cyber Monday? Unlike Black Friday, which takes place the day after Thanksgiving and sees big in-store discounts, Cyber Monday is an online-only event. So, don't expect a repetition of the chaos that swept the nation on Friday as bargain hunters pushed their way to a cheap telly.

However, if Black Friday is anything to go by, do expect long queues to access online shopping sites and technical problems. The websites of Tesco, PC World, Argos, Game, Boots and Curry's all crashed in the early hours of business on Friday morning due to a surge in demand.

OK, but just how big is Cyber Monday? Online retailers and credit card companies are flexing their muscles for what could be the busiest day of the year for online shopping fuelled by a new round of discounts.

According to TalkTalk’s Digital Price Index and the Cebr, Cyber Monday spending is set to break £500 million mark for first time ever in the UK. Shoppers could splash as much as £516 million in 24 hours, racking up £358,000 per hour or £6,000 per second. 

 

Amazon said that Black Friday was the busiest day ever on its UK website, with more than 5.5 million items ordered at a rate of 64 items a second, beating last year's Cyber Monday record of more than 4 million items.

Got it. Anything else I should know? Yes, make sure to read the retailer's delivery and refund policy before you make a purchase as these can lead to additional charges.

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