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RBA Glossary definition for debit card
debit card – A debit card is a card that enables the holder to access funds in a deposit account at an authorised deposit-taking institution.
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Private Net Costs
31 Dec 2014
RDP
2014-14
Although credit cards have a higher social cost than debit cards, the private net cost to consumers is similar; credit card costs being greatly reduced by the interest-free period, reward ... For MasterCard & Visa credit card payments, the net transfer
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html
Resource Costs of Payments
31 Dec 2014
RDP
2014-14
Countries with high cash use relative to debit card use (like Hungary and Portugal) report that cash is cheaper than debit cards on a per transaction basis, while studies for those ... Regardless of which card network is used, credit cards are more
https://www.rba.gov.au/publications/rdp/2014/2014-14/resource-costs-payments.html
The Evolution of Payment Costs in Australia
3 Dec 2014
RDP
2014-14
At the point of sale, payments using cash, eftpos and contactless MasterCard & Visa debit cards have broadly similar costs for transactions under about $20; above $20, eftpos is the lowest-cost ... The consumer undertaking a transaction typically pays a
https://www.rba.gov.au/publications/rdp/2014/2014-14.html
Appendix A: Additional Detailed Results
31 Dec 2014
RDP
2014-14
Cash. 0.03. 0.20. 0.29. eftpos. 0.24. 0.24. 0.24. MasterCard & Visa debit cards. ... 0.55. 0.01. 1.25. na. MasterCard & Visa debit cards. Resource costs incurred.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html
Appendix B: Payment Activity in the Sample
31 Dec 2014
RDP
2014-14
The mix of credit and debit cards in the sample is similar to the aggregate card payment statistics for Australia as measured in the Retail Payments Statistics. ... Debit cards. 824. 807. 17. 54,848. 52,009. 2,839. Card present. 806.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-b.html
Conclusion
31 Dec 2014
RDP
2014-14
Debit cards remain cheaper than credit cards, and cheques remain more expensive to society than any other payment method. ... Merchants continue to bear higher costs for credit card payments than debit card payments, and small merchants face
https://www.rba.gov.au/publications/rdp/2014/2014-14/conclusion.html
Small Businesses Costs
31 Dec 2014
RDP
2014-14
methods. The bulk of payments accepted by SMEs appear to be made using cash, eftpos, and MasterCard & Visa credit and debit cards (Table 8). ... 0.91. 1.73. 2.64. 175. Debit cards. 0.89. 0.86. 1.75. 178. Credit cards.
https://www.rba.gov.au/publications/rdp/2014/2014-14/small-businesses-costs.html
Introduction
31 Dec 2014
RDP
2014-14
Above $20, eftpos is the lowest-cost payment method. At the average transaction size for each instrument, MasterCard & Visa debit card payments are more resource intensive than eftpos, while credit card ... On average, the private cost to consumers of
https://www.rba.gov.au/publications/rdp/2014/2014-14/introduction.html
Related Literature and Scope
31 Dec 2014
RDP
2014-14
In particular, this study considers the costs associated with cash, debit and credit cards, cheques, direct debit and BPAY payments. ... In addition, lower-value payments often no longer require PIN authentication. The increased issuance of dual-network
https://www.rba.gov.au/publications/rdp/2014/2014-14/related-literature-scope.html
Influence of Payment Size
31 Dec 2014
RDP
2014-14
This section considers how resource costs vary by transaction size across the most common payment methods used at the point of sale – cash, debit cards and credit cards. ... As transaction size increases, MasterCard & Visa debit and credit card
https://www.rba.gov.au/publications/rdp/2014/2014-14/influence-payment-size.html