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The Cost of Consumer Payments in Sweden (Segendorf B. L., Jansson T.)

Central Banks Credit Cards Payment systems

Abstract

We estimate the social and private costs of consumer-to-business payments in Sweden in 2009. The combined social cost for these payments was 0.68 per cent of GDP. At the point of sale, cash is socially less costly than debit cards for payments below EUR 1.88 (SEK 20) and credit cards below EUR 42.37 (SEK 450). The corresponding thresholds for the individual consumer are higher for debit cards and much lower for credit cards. Using unique survey data we show that consumers’ payment behaviour is not consistent with what is socially optimal.

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Libref/ Segendorf B. L., Jansson T. (2012) “The Cost of Consumer Payments in Sweden”. Sveriges Riksbank Working Paper Series, No. 262
© Программирование — Александр Красильников, 2008
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