Black Friday, online shopping and financial literacy

Black Friday hustle

Black Friday is upon us, and whether we like it or not, it evokes a wide range of emotions, some eagerly awaiting big discounts, some overlooking the possibility of buying something at a substantial discount, others preparing for the day months in advance. There are also people who think that Black Friday is just a hoax.

Queues, queues, queues… 

Shopping is becoming the hottest topic these days, and everyone is starting to plan their shopping so that they can take advantage of the best deals and the biggest discounts, and not miss out on the most tempting offers. Online shopping, offline shopping, new orders, queues - sometimes, under the influence of emotions, we forget to follow the simplest rules and we lose the edge of realism. So let's remind ourselves of a few simple rules that will help us shop without worrying about the black side of Black Friday. The Black Friday confusion is when you're offered all sorts of discounts, from clothing to furniture and movable property, from household items to banking deals and more.

During the Black Friday chaos, we can find ourselves in a queue not only when shopping online. The difference between real queues and online queues is one: with online queues, we can wait sitting on the sofa while enjoying hot chocolate. 

International statistics show that 8 out of 10 customers prefer to shop online to avoid potential inconveniences.

For 80% of customers, waiting in line for more than 30 minutes is normal, but for a lower age group, 10 minutes is already a concern. There's also a positive side to waiting in line, which is amazing. Often, waiting in line reminds people of a return to good old traditions, and they use the long queues as an opportunity to spend time with friends and family. Sometimes, after waiting in a long queue, you appreciate what you've got even more, and you treat it with more care and attention.

Necessary, or impulsive shopping?

At first glance, the temptation of discounts and promotions creates a compulsion to make impulsive purchases that is very difficult to avoid, and as a result, we often buy things that we do not really need. Such a psychological effect can be produced by well-thought-out marketing campaigns, attractive packaging, and a wide variety of options for both online and offline purchases. To avoid impulse buying, make a list of necessities in advance and set a budget. It's important to do this beforehand so that you have a chance to think twice about whether you really need this or that item and whether the decision is a matter of momentum.

Black Friday and financial safety

We consider it important to remind once again that during this period it is more than important to follow financial literacy and avoid possible frauds, which, by the way, are gaining a traction these days. 

So, in the run-up to Black Friday, we would like to remind you about some rules for using online stores that will help protect your bank details in order to keep your finances more secure

• Shop ONLY from trusted sites. An online store should also have a real address and phone number. 
• Avoid overly tempting and unrealistic discounts and promotions.
• Create a complex password. 
• Don't give out any personal or banking information to others, don't fill it out on random websites, social media platforms. 
• Use trusted payment tools. 
• Check your finances regularly to avoid overcharging. 
• Follow the subscriptions on your card to avoid unexpected charges.

And finally, what do we offer on Black Friday

• A virtual card to enjoy the convenience of shopping and
• Money, a lot of money

What's online shopping without a Visa Virtual card, especially when it's provided for free with no service fees through the Converse Mobile app. You can get the card in your preferred currency: AMD, USD, EUR, RUB. It gets activated in a few minutes. You can attach the Visa Virtual digital card to Apple Pay or Google Pay  and make contactless payments with your smartphone from the location of your choice. There is no possibility of losing the card, you do not go to the Bank to order the card, you can carry out any transaction in the online domain without the need for a physical card.

Our desires sometimes outweigh the funds available, and the Black Friday deals are tempting. On the other hand, don't despair, because we're going to guide you to a place where your wishes are fulfilled at the speed of sound, without the added hassle of banking queues and redundant paperwork.

 If you're a Converse Mobile user, apply for a loan by following a few simple steps in the app: 

• Sign in to the app 
• Under the + sign find Snap 
• Fill out the application 
• Get a loan with Snap at the speed of sound

Snap and make your wish come true. Download

On Black Friday, don't forget about the most important things: a bright mood and positive emotions.