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Using data from Canada and the United States, we quantify consumers' net pecuniary cost of using cash, credit cards …, credit card transactions are cross-subsidized by cheaper debit and cash payments. Card rewards and consumer fees paid to …
Persistent link: https://www.econbiz.de/10012426293
The use of paper instruments-cash and checks-has been declining in the United States, and consumers have been gradually … remote transactions. We find that cash use declined faster than check use, in large part because transactions shifted from in … person to remote. While the cash-use share of transactions dropped for almost all merchant types, changes in check use were …
Persistent link: https://www.econbiz.de/10013197294
Using data from a nationally representative survey on consumer payment behavior, we estimate Heckman two-stage regressions on the adoption and use of seven different payment instruments. We find that the characteristics of payments are important in determining consumer payment behavior, even...
Persistent link: https://www.econbiz.de/10009511715
Using data from a nationally representative survey on consumer payment behavior, we estimate Heckman two-stage regressions on the adoption and use of seven different payment instruments. We find that the characteristics of payments are important in determining consumer payment behavior, even...
Persistent link: https://www.econbiz.de/10013028284
Despite the introduction of an array of innovations and new payment options for consumers over the last decade, income and demographics remain significant predictors of payment behavior. Using data from a 2023 consumer payments diary, we find that income, age, and education are significant...
Persistent link: https://www.econbiz.de/10014636907
lack access to most payment methods and, hence, use cash or prepaid cards to pay their bills. Low-income consumers pay … their bills differently from the rest of the sample: They are more likely to pay in person, use significantly more cash, and …
Persistent link: https://www.econbiz.de/10012297461
The use of paper instruments—cash and checks—has been declining in the United States, and consumers have been gradually … remote transactions. We find that cash use declined faster than check use, in large part because transactions shifted from in … person to remote. While the cash-use share of transactions dropped for almost all merchant types, changes in check use were …
Persistent link: https://www.econbiz.de/10013406888
Persistent link: https://www.econbiz.de/10015329540
Persistent link: https://www.econbiz.de/10015066007
US households that lack digital means of making and receiving payments cannot participate fully in an increasingly digitized economy. Assessing the scope of this problem and addressing it requires a definition of households that are underserved in digital payments. Traditional definitions of...
Persistent link: https://www.econbiz.de/10015069667