For Jack Ma, executive chairman of Alibaba Group Holdings, today is an extremely busy and lucrative day because the company he founded 15 years ...
In a study just released by NFO Interactive, 266 of the 759 respondents (35%) purchasing products online in the past six months indicated having a bad experience while shopping online. Common bad experiences include: credit card fraud, not receiving an item in time, never receiving the product, or receiving merchandise that wasn't as expected.
Among those having a bad online shopping experience, excluding credit card fraud, nearly one-third stopped making purchases at the site where the bad experience occurred. Roughly another one-third of these respondents became selective about which web sites products/services would be purchased.
Of those respondents that have experienced credit card fraud specifically or know of someone that has (17%), half became selective about the web sites where they would make purchases. The study also showed that:
- 14% of online purchasers aware of credit card fraud (128 shoppers) stopped shopping online either permanently or briefly.
- 16% of online purchasers that had a bad experience, aside from credit card fraud (191 shoppers) stopped shopping online either permanently or briefly.
NFO Interactive is a division of NFO Worldwide, a market research firm.