influences total demand. Survey data of Dutch merchants shows that costs, and competition affect acceptance as well as … surcharging decisions. Merchants who find payment cards expensive are less likely to accept them and more likely to surcharge … their customers for using them. Merchants who face any competition accept debit card payments relatively more often than …

This paper examines the costs borne by financial institutions, merchants, and consumers in making, facilitating and … costs vary at different transaction sizes and, for merchants, how costs differ between small and large entities. The results … and private costs varies significantly across instruments. The greater share of the overall cost is borne by merchants …

This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring … retailers do. This corner solution carries over when we analyze socially optimal pricing. …

market imperfections touch upon transparancy of pricing consumer payment services, infrastructural arrangements, organisation …

It is well-known that switching costs may facilitate monopoly pricing in a market with price competition between two … pricing entails second degree price dierentiotation with inecient contracts for low demand types. We show that introducing con … monopoly pricing. …