Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228249
Authors: 
Shy, Oz
Year of Publication: 
2019
Series/Report no.: 
Working Paper No. 2019-19
Abstract: 
The paper investigates the degree to which buyers choose to diversify their use of payment methods for in-person purchases. Some buyers use only one payment instrument. Others combine the use of mostly cash, credit, debit cards, and a few paper checks and prepaid cards. To each survey respondent, I apply three concentration measures over the use of payment instruments. Results show that the degree of consumers' payment concentration exhibits almost no correlation with consumer demographics, payment volume, or aggregate value.
Subjects: 
multiple payment methods
consumer payment choice
payment instruments
in-personpurchases
concentration measures
JEL: 
D9
E42
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
251.62 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.