the same price for purchases, regardless of the means of payment?The answer lies in a set of credit card network rules … restraints thus prevent merchants from pricing according to consumers' payment method and from signaling to consumers the costs … of different payment methods. Accordingly, consumers never internalize the costs of their choice of payment system …

survey data on payment behaviour of German consumers, we shed light on how individuals decide on their cash usage. We employ … a two-stage empirical framework which jointly explains payment card ownership and the use of cash. Our results indicate … that cash usage is compatible with systematic economic decision making. Consumers decide on the adoption of payment cards …

competing payment instruments such as debit cards. …

institution based upon the method by which payment is made. …

There are various costs associated with accepting alternative payment types. These costs are a serious merchant …