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Merchant Acceptance of Cash and Credit Cards at the Point of Sale

Author: Ben Fung; Kim P Huynh; Kerry Nield
Publisher: Ottawa, ON, CA : Bank of Canada, 2018. ©2018
Series: Staff Analytical Note/Note analytique du personnel, 2018-1.
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Summary:
'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  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ben Fung; Kim P Huynh; Kerry Nield
OCLC Number: 1028609898
Language Note: Text in English; abstract in English and French.
Description: 1 online resource (22 pages).
Series Title: Staff Analytical Note/Note analytique du personnel, 2018-1.
Responsibility: Ben Fung.
More information:

Abstract:

'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.

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