Central Banking

NBD paper assesses impact of credit card surcharge on cash payments


A National Bank of Denmark paper, published on Tuesday, shows that a recent regulation enabling merchants to charge credit card fees for purchases did not force people to use more cash.

Johan Gustav Kaas Jacobsen and Søren Truels Nielsen, the paper's authors, use survey data to study the effects of a recent change in Danish surcharge regulation that permits retailers to charge a fee when receiving credit card payments, but not when receiving debit card, including dankort payments.

They note that

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