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 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 …