Merchant acceptance of cash and credit cards at the point of sale / by Ben Fung ... [et al.].: FB3-7/2018-1E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.851090&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Merchant acceptance of cash and credit cards at the point of sale / by Ben Fung ... [et al.]. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-1 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Title from cover. Includes bibliographical references. Text in English, abstract in English and French. |
| Publishing information | Ottawa : Bank of Canada, 2018. |
| Author / Contributor | Fung, Ben S. C. |
| Description | ii, 20 p. : graphs |
| Catalogue number |
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| Subject terms | Economic indicators Financial management Credit |
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