Cyber Monday was biggest online shopping day ever - KWWL - Eastern Iowa Breaking News, Weather, Closings

Cyber Monday was biggest online shopping day ever

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WATERLOO (KWWL) -- Analysts say more than $1 billion was spent on the Internet in the United States on Cyber Monday. It was the biggest online shopping day in history.

The online money transfer website PayPal saw a total payment volume jump almost 20% from 2009.

Electronics were among the hot sellers on eBay.

The Cyber Monday improvement is welcome for retailers hoping that Americans start spending more freely. But shoppers are still holding out for bargains and spending cautiously as unemployment remains high.

In a recent KWWL.com poll, 70% of people who responded said they weren't online on Cyber Monday looking for deals.

Online producer:  Adam Amdor

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