Merchant Acceptance of Payment Cards: “Must Take” or “Wanna Take”?

IF 0.9 4区经济学 Q3 ECONOMICS

Review of Network Economics Pub Date : 2016-09-26 DOI:10.1515/rne-2017-0011

D. Bounie, A. François, L. Van Hove

引用次数: 13

Abstract

Abstract In recent years, regulators in various parts of the world have capped interchange fees on debit and credit cards. The justification for the caps rests to a large extent on the argument that these cards have, for certain merchants, become must-take cards rather than “wanna-take cards.” That is, there are merchants who accept payment cards not because they bring net convenience benefits but out of fear of losing profitable business to card-accepting competitors. This paper presents an original approach that allows to quantify, for the first time, the relative importance of the two motivations. We find, for the case of France in 2008, that the must-take phenomenon effectively exists, but that it applies to only 5.8–19.8 percent of the card-accepting merchants and to a mere 3.9–13.5 percent of all retailers.

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商户接受支付卡:“必须接受”还是“想接受”?

近年来，世界各地的监管机构对借记卡和信用卡的交易费用进行了限制。封顶的理由在很大程度上是基于这样一种观点，即对于某些商家来说，这些牌已经成为必须要拿的牌，而不是“想要拿的牌”。也就是说，有些商家接受支付卡，不是因为它们带来了便利的好处，而是因为担心将有利可图的业务拱手让给接受卡的竞争对手。本文首次提出了一种可以量化这两种动机的相对重要性的原始方法。我们发现，以2008年的法国为例，“必取”现象确实存在，但它只适用于5.8% - 19.8%的接受信用卡的商家，仅适用于3.9% - 13.5%的所有零售商。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Network Economics ECONOMICS-

CiteScore

0.90

自引率

0.00%

发文量

期刊介绍： The Review of Network Economics seeks to help policy makers, academics, and practitioners keep informed of new research and policy debate in network economics and related subjects that are relevant to the study of network industries. By publishing high quality research on topical issues relevant to network industries, it is hoped readers will be able to gain a deeper understanding of the economic issues involved and that this will improve the quality of decision making by private and public organisations, and debate among researchers. The articles can cover specific network industries, or may deal with general issues that have relevance to a number of different network industries, including topics in the economics of networks, regulation, competition law, or industrial organisation. Papers that provide insights into policy debates are especially welcome, as are up-to-date surveys, book reviews, and comments.