The Effect of Transaction Pricing on the Adoption of Electronic Payments: A Cross-Country Comparison.

Bolt, Wilko; Humphrey, David B.; Uittenbogaard, Roland

doi:10.2139/ssrn.871102

Cited by 27 publications

(19 citation statements)

References 6 publications

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“…During the past 10 years, the academic interest in payment studies has grown considerably. The most recent interesting empirical studies include Bolt et al (2005), , , HBD (2002), Van Hove et al (2005), Hyytinen and Takalo (2004), Klee (2004), Stavins (2001), Schuh and Stavins (2006) and Zinman (2005). The picture emerging from these studies with regard to payment choice and personal characteristics are in line with our results for Dutch consumers.…”

Section: Introductionsupporting

confidence: 87%

“…Cross-subsidisation of the retail payment system by surcharging other banking services also distorts the equilibrium demand for these services. Humphrey et al (2001), and Bolt et al (2005) show that consumers are sensitive to explicit pricing of payment services and that this can indeed stimulate consumers to pay more often electronically, reducing the social costs of the retail payment system.…”

Section: Practice and Consequences Of Tariff Structure Of Dutch Pos Pmentioning

confidence: 99%

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Payment Instruments as Perceived by Consumers – Results from a Household Survey

Jonker

2007

De Economist

112

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SummarySurvey results show that Dutch consumers perceive paying in cash as an inexpensive way to pay, compared to paying with electronic payment cards. This finding partly explains the low usage of electronic payment cards in point-of-sale (POS) payments. The objective of the survey was to identify price and non-price features of payment instruments that can be used to stimulate the use of electronic payment cards. Their attractiveness can be increased, through technological modifications that enhance their convenience and by increasing the number of acceptance points. Making it less expensive for consumers to pay with payment cards could also increase the usage of payment cards.

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Section: Introductionsupporting

confidence: 87%

Section: Practice and Consequences Of Tariff Structure Of Dutch Pos Pmentioning

confidence: 99%

Payment Instruments as Perceived by Consumers – Results from a Household Survey

Jonker

2007

De Economist

112

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“…In the rare instances where comprehensive data are available for comparison, usually cash is excluded; see the studies by Bolt, Humphrey, and Uittenbogaard (2008) and the Federal Reserve System (2013). However, new research is revealing the emergence of an ironic consensus:…”

Section: Introductionmentioning

confidence: 99%

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

et al. 2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. iii Terms of use: Documents in AbstractWe measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences -for example, the level of cash usage differs across countries. Cash has not disappeared as a payment instrument, especially for low-value transactions. We also find that the use of cash is strongly correlated with transaction size, demographics, and point-of-sale characteristics such as merchant card acceptance and venue.

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“…In Ching and Hayashi (2010), the only measure of use was a consumer's preferred payment instrument, and no estimation of either the extensive or intensive margins of payment use were included. Bolt, Humphrey, and Uittenbogaard (2008) estimated the use of electronic payments in Norway and the Netherlands as a function of relative prices to find that pricing has a small effect on payment choice. They therefore concluded that "convenience, safety, and other nonprice attributes of different payment instruments" play an important role in influencing payment behavior.…”

Section: Payments Usementioning

confidence: 99%

How Consumers Pay: Adoption and Use of Payments

Schuh

Stavins

2013

AFR

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Using data from a nationally representative survey of U.S. consumers, we estimate Heckman two-stage regressions on the adoption and use of seven different payment instruments. We find that the characteristics of payment instruments are important in determining consumer payment behavior, even when controlling for demographic and financial attributes: difficulty to setup and keep records are especially important in explaining adoption of payments, while ease of use, cost and security are important in explaining which methods consumers use for transactions. For the first time, the number of payment methods adopted by consumers conditional on having access to a bank account is estimated, as the unbanked consumers' payment choices are much more limited than those of consumers with bank accounts. Because cost is found to significantly affect payment use, a potential increase in the cost of credit or debit cards following recent regulatory changes affecting those payment methods may lead to a reduction in U.S. consumers' reliance on payment cards for transactions.

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The Effect of Transaction Pricing on the Adoption of Electronic Payments: A Cross-Country Comparison.

Cited by 27 publications

References 6 publications

Payment Instruments as Perceived by Consumers – Results from a Household Survey

Payment Instruments as Perceived by Consumers – Results from a Household Survey

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

How Consumers Pay: Adoption and Use of Payments

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