Online buying on Visa cards totals $2.3 billion in November`s first week

E-commerce spending on Visa branded payment cards in the U.S. rose 29% year-over-year to $2.3 billion in the first week of November, according to Visa U.S.A.’s Holiday SpendTrak report. Visa processed 27.2 million transactions during the week, up 19% from the same period in 2004. The average ticket was $84.91.

Online purchases accounted for about 10% of the $22.3 billion in spending on Visa cards for the week and about 7% of total transactions of 397.7 million, Visa said. The average ticket for all spending on Visa cards was $56.14.