Shoppers falling victim to online sales tactics – such as ‘last chance to buy’ banners | Personal Finance | Finance

Brits are falling victim to sneaky online sales tactics – such as pressure selling, subscription traps, and fake reviews – as the cost-of-living crisis makes them more desperate to find the best deals. A poll of 3,700 adults found 67 percent feel the cost-of-living crisis makes shoppers more desperate to find a deal.

And 33 percent admit to rushing a purchase to snag the best bargains, only to realise it wasn’t the best deal – with this rising to 48 percent of those aged 18-34.

And although 71 percent of all shoppers believe they are “saving money”, 23 percent don’t realise tactics such as “15 mins left of sale”, or “only two remaining”, are sneaky sales tricks often put in place to encourage people to buy quickly.

A quarter have bought an item after being pressured by banners such as “two items left”, while 24 percent realised they have bought a product based on fake online reviews.

As a result, 56 percent of young shoppers have spent money they couldn’t afford because they’ve fallen victim to these tactics, compared to 33 percent of overall respondents.

Consumer champion and TV presenter, Angellica Bell, is working with the Competition and Markets Authority (CMA) as it launches the next phase of “The Online Rip-Off Tip-Off” campaign, to help shoppers call out misleading online tactics.

She said: “We know the cost-of-living crisis is putting a strain on shoppers across the UK, and online business are using sneaky sales tactics to make us part with our money when household budgets are already stretched.

“We all feel the pressure of securing bargains, making us more susceptible to being ripped off.

“It’s frustrating when this happens, and it’s time we call out these online retailers and report them to the CMA.”

The study also found 45 percent have found themselves trapped in a subscription without realising, and later found it difficult to cancel, up to five times.

But while 68 percent feel these types of tactics should be banned, just one in four (26 percent) have gone as far as actually reporting it.

Those who haven’t ever reported these tactics put it down to not believing anything could be done about it (46 percent), and not knowing this was even an option (42 percent).

However, it also emerged many are keeping the sneaky online sales tactics to themselves – with 14 percent admitting they would be too embarrassed to tell anyone they’d been ripped off.

The study, carried out via OnePoll, found 58 percent think online retailers should be punished for using such strategies to get people to buy.

George Lusty, senior director for consumer protection at the Competition and Markets Authority, which commissioned the research, added: “Our findings show shoppers are now pushed to make unplanned purchases as they hunt for the best bargains, as the pressure from the cost-of-living mounts.

“We know that every penny counts, and it is increasingly concerning as some businesses which sell online take advantage of the current economic crisis.

“That’s why we are issuing compliance advice directly to online retailers, so they comply with the law when presenting urgency claims and price reduction claims to consumers.”