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008180205s2018    oncd   #ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-7/2018-1E-PDF
24500|aMerchant acceptance of cash and credit cards at the point of sale |h[electronic resource] / |cby Ben Fung ... [et al.].
260 |aOttawa : |bBank of Canada, |c2018.
300 |aii, 20 p. : |bgraphs
4901 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2018-1
500 |aTitle from cover.
504 |aIncludes bibliographical references.
520 |a"Recent data show that the use of credit cards in Canada has been increasing, while the use of cash has been declining. At the same time, only two-thirds of small or medium-sized businesses accept credit cards. To better understand future development of this trend, it is important to study whether a change in merchant fees will increase credit card acceptance and will thus further reduce cash use. In this note, we calculate the level of the merchant fee where a merchant would be indifferent to accepting a credit card or cash payment, using the merchant indifference test. We find that the results are sensitive to the underlying assumptions. Furthermore, we discuss several main issues of applying such a methodology to Canada"--Abstract, p. ii.
546 |aText in English, abstract in English and French.
69207|2gccst|aEconomic indicators
69207|2gccst|aFinancial management
69207|2gccst|aCredit
7001 |aFung, Ben S. C.
7102 |aBank of Canada.
830#0|aStaff analytical note (Bank of Canada)|x2369-9639 ; |v2018-1.|w(CaOODSP)9.807323
85640|qPDF|s621 KB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-7-2018-1-eng.pdf