Black Friday/Cyber Monday: Spend Your Money Wisely

  
     
November 07, 2017

FOR IMMEDIATE RELEASE

Vancouver, BC – One of the busiest shopping weekends of the year is coming up. Black Friday falls on November 24th this year followed quickly by Cyber Monday. Canadians from coast to coast will be trying to cut the best deals possible in the run-up to Christmas Day with the average Canadian spending around $1,500 over the holidays.


“This is a time to be wary about how and where you spend your money,” says Evan Kelly, Senior Communications Advisor for BBB serving Mainland BC. “Shop around. Just because a store says it’s the best deal all year, doesn’t mean it is. You may even want to ask yourself if you really need the item. Be careful of the impulse buy!”


BBB offers these tips to help you make the right purchase on Black Friday:


• Check the ads, check the competition, check the flyers both online and what shows up at the door. Find the best deal on the specific product you’re looking for. In short…do your homework.
• Signing up for email alerts means you might be in the know before other shoppers, just make sure you’ve signed up on a legit website.
• Monitor social media feeds for good deals but be wary of click-bait ads.
• Make sure you understand return/refund policies. If it’s not posted…ask. This information should be available online as well. Some deeply discounted or discontinued items could be final sale only.
• Make sure you understand any and all warranties on new products. Typically it’s just manufacturer’s warranty for appliances.


Cyber Monday tips. 90% of consumers these days will shop online at some point.


• Purchase using credit cards.
• Make sure website is encrypted with https://
• Make sure the URL is legit and not a spoofed version; i.e.: www.ebay.com and not www.ebay1.ml.
• Use reputable payment portals like PayPal or Verified by Visa.
• Read terms and conditions when it comes to delivery and refunds
• Order on time so gifts arrive before Christmas.
• Do not online shop through public Wi-Fi.
• Avoid clicking links if you don’t know what it’s from.
• Be wary of slick pop-up ads; go to the company website first.
• Update your anti-virus software.
• Check your credit card statements regularly.

 

Fake Delivery Invoices:

 

• Be wary of fake Amazon/UPS/Canada Post emails alluding to your order or delivery stuck in transit.
• Often urge you click on a link and input information.
• Is the introduction general in nature? Ie: “Dear Customer”
• Does the email speak about the correct product and/or user account? Typically you would have to sign in in order to access your information.
• Verify sender’s email address.
• Canada Post DOES NOT issue emails about your delivery unless requested.
• Contact the company directly if you have any concerns about your order.


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Media Contacts:

Evan Kelly, Senior Communications Advisor
BBB Serving Mainland BC
604-488-8702
604-505-2307
evan@mbc.bbb.org
404-788 Beatty Street
Vancouver, BC
V6B 2M1

About BBB:

For more than 100 years, Better Business Bureau has been helping people find businesses and brands they can trust. In 2016, people turned to BBB more than 365 million times for BBB Business Reviews, all available for free at bbb.org. BBB Serving Mainland B.C., founded in 1939 and serving the Lower Mainland, Thompson-Okanagan, Northern, Central and Southern Interior BC, and the Yukon, is one of 108 local, independent BBBs across North America. In 2016, consumers turned to BBB Serving Mainland B.C. more than 2 million times for Business Reviews and processed 6,000 complaints.