14 November 2017

Making sure you shop safely this Black Friday

Black Friday started off as a sales day in the US, falling every year on the day after the American festival of Thanksgiving. Thanksgiving Day is always on the fourth Thursday in November, so this year Black Friday is on November 24th.

After seeing its huge success in America, hundreds of UK retailers started slashing their prices for 24 hours on Black Friday, both online and in-store.

Not surprisingly, our research† shows that British shoppers are really keen to enjoy big bargains in the run-up to Christmas. On Black Friday in 2016, we saw Nationwide debit card transactions jump 73% higher than a normal shopping day at John Lewis, and a whopping 104% higher at Debenhams.

Different ways to pay online and off

We'll probably see the numbers go into overdrive once again on Black Friday 2017, with enticing deals already advertised. At Nationwide, we offer a variety of ways to pay, with our debit, cash and credit cards being a safe and easy way to pay for goods online and in store. You can also link your cards to Apple Pay*, Android Pay** and Samsung Pay***, and they offer contactless payment.

All of these payment methods save you having to carry cash around and offer consumer protection, which means that if you lose money as a result of fraud, you'll get your money back.

Keeping contactless secure

Some people worry that contactless payments aren't secure, but Nationwide's contactless cards use the latest secure encryption technology.

Contactless only works when a card is held within a couple of centimetres of the card reader for more than half a second, so this makes it very difficult for any details to be intercepted while the card is in use or for you to inadvertently make a purchase just by walking past a reader. Contactless cards can only make one purchase at a time too, so you can't accidentally pay for something twice.

A maximum payment of £30 is allowed per transaction and, for added reassurance, from time to time you'll have to enter your PIN to verify that you're the genuine card holder. You can find out more about how contactless payments work.

Don't get carried away on Black Friday

Some people can get caught up in the excitement of all the savings on offer Black Friday and spend way beyond their means.

It can be helpful to do a bit of preparation before Black Friday to keep your spending down. Make a list of what you want for yourself or as presents and find out how much they normally cost, so you know how much of a bargain you're really getting. This should help you feel less tempted to buy things that you don't need or aren't saving you much.

Stay safe online

Black Friday is a busy day for scammers too, as they try to get people to fall for deals that are literally too good to be true.

To protect yourself, don't click on links from email addresses you don't recognise, even if they have the name of a well-known retailer in the title. If it's a real deal you should be able to go direct to the retailer's site and find it for yourself.

Be suspicious of any site that asks you to transfer money from your bank account directly to another individual's bank account too. Reputable online businesses will never ask you to do this and will all offer standard payment options, such as PayPal, or using your debit and credit cards.

Ensure you only purchase an item on a site that has a padlock icon in the address bar.

Be your own security guard

Finally, you can create your own extra level of security simply by saving receipts and checking them against your statements. If you ever come across a transaction you don't recall making, report it to your bank, credit card operator or PayPal.

It's a good idea you keep your contact details up-to-date as well. If we detect a suspicious transaction we might temporarily put a block on your card until we've called or texted you to check it's genuine.

Although we use security checks, we'll never ask you for your PIN, card reader passcode or tell you to transfer money to another account for safekeeping.

With all that said, happy shopping!

†Payments data provided by Nationwide systems in November 2016.
*Apple is a trademarks of Apple Inc., registered in the US and other countries. Apple Pay and Touch ID are trademarks of Apple Inc.
**Android, Android Pay, and the Android Logo are trademarks of Google Inc. Android Pay is available on compatible Android devices using Android 4.4 and higher.
The Android Robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.
***Samsung and Samsung Pay are trade marks or registered trade marks of Samsung Electronics Co., Ltd. Use only in accordance with the law. Samsung Pay is available on select Samsung devices.

The content displayed on our recent news and articles page is for information purposes only, and is accurate at the time of publication. The information will not be maintained, and so we cannot guarantee that at any given time the information will be up to date or complete. Please verify any information you take before relying on it.

Nationwide is not responsible for the content or availability of external websites. Nationwide does not make any recommendation or endorse any advertising, products, services or other content on such external websites. Views expressed on third party websites are those of the public and unless specifically stated, are not those of Nationwide.

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