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Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or "cash … average, each cash-using household pays $149 to card-using households and each card-using household receives $1,133 from cash … and card rewards would likely increase consumer welfare. -- Credit cards ; cash ; merchant fees ; rewards ; regressive …
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The cost to merchants of taking payment on debit cards declined by more than $7 billion annually as a result of the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, while the effective cost to issuers of providing debit card services to consumers...
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