Black Friday and Cyber Monday transactions decline for first time in years
NL TimesFor the first time since 2016, Black Friday saw a drop in iDEAL transactions, with 5.82 million payments processed, an 18.4 percent decrease from last year's 7.13 million transactions. Cyber Monday transactions also fell slightly, from 5.12 million in 2023 to 5.10 million this year, according to data from online payment system iDEAL and Betaalvereniging Nederland. The diversity of discounts—ranging from electronics to clothing and entertainment—has made this week increasingly impactful for the online payment market.” Cyber Monday saw 5.10 million iDEAL transactions, slightly lower than the previous year’s 5.12 million. On Black Friday, nearly 19 million pin transactions were completed, a 5 percent drop compared to 2023 and 5 percent lower than a typical Friday in October.