Paying for payments: free payments and optimal interchange fees

Research, Preprint OPEN
Korsgaard, Søren;
  • Publisher: Frankfurt a. M.: European Central Bank (ECB)
  • Subject: E42 | financial regulation | G21 | payments | G28 | interchange fees | financial regulation, interchange fees, payments
    • ddc: ddc:330

Do consumers and merchants use the most efficient payment instruments? I examine how inter- change fees, which are fees paid from merchants' banks to consumers' banks when card transactions take place, influence the choice between cash and payment cards. I show that whe... View more
  • References (16)
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