Finger tips at the ready – today is Cyber Monday.

Online retailers are preparing for their busiest day of the year as consumers log on to buy their Christmas presents.

This is the first time the US event, which sees retailers slash prices in a rush of festive discounts, has occurred in the UK and, as a result, retailers are expecting £320m worth of sales today made on Visa cards alone, which would make it the biggest shopping day in UK history.

‘A combination of pay day for the majority of consumers falling on the last Friday of the month and a weekend spent browsing the shops results in shoppers logging on to buy their gifts online on the subsequent Monday,’ a Visa Europe representative told The Evening Standard.

‘All of these factors will result in consumers spending £222,222 per minute, making 4,722 transactions every 60 seconds.’

That’s certainly a lot of shopping.

So how can you get involved, we hear you ask? By taking advantage of these stylish deals available online today:

ANTHROPOLOGIE: 30% off party pieces with code DRESSTOTHENINES

WAREHOUSE: 25% off all orders using code XMASGIFT

AGENT PROCOVATEUR: Free worldwide delivery using code APGIFT

BANANA REPUBLIC: £20 off sales of £100 or £40 off sales of £150 and free delivery using code: SAVEMORE

GAP: 30% off everything plus free delivery on orders over £50 using code: GAPGIFT30

MISS SELFRIDGE: 30 dresses for £30 and free shipping

SWAROVSKI CRYSTALLISED: 20% off everything

TOPSHOP: Free worldwide delivery

NET-A-PORTER: Free worldwide delivery

MATCHES: Free worldwide delivery with code FREE12

DEBENHAMS: 15%-30% sale on selected items and free shipping

HOUSE OF FRASER: Up to 40% off selected items

AUBIN & WILLS: 60% off

ALL SAINTS: 25% off selected items with code WINTER

REISS: 20% off everything and free standard shipping

OASIS: 30% off everything with code SPARKLE30

KAREN MILLEN: 20% off with code 20MONDAY

See ELLE's guide to the best Christmas gifts under £50