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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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The Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus
30 Mar 2015
RDP
2015-03
This paper draws on a survey of consumers' willingness to pay surcharges to use debit cards and credit cards, rather than cash. ... On average, consumers have a higher willingness to pay for the use of credit cards than debit cards.
https://www.rba.gov.au/publications/rdp/2015/2015-03.html
Appendix E: Model Regressors for Predictive Model
11 Sep 2015
RDP
2015-03
Per cent of debit card payments. Percentage points, continuous between 0 and 1. ... Per cent of respondents. Debit card. Credit card. Predicted willingness to pay is:.
https://www.rba.gov.au/publications/rdp/2015/2015-03/appendix-e.html
Data
11 Sep 2015
RDP
2015-03
All respondents held debit cards and thus answered the debit card questions.) The results of the two sequences of questions is that we observe each respondent's willingness-to-pay range ... for the use of credits cards (provided they own a credit card)
https://www.rba.gov.au/publications/rdp/2015/2015-03/data.html
Literature
11 Sep 2015
RDP
2015-03
Using data from a survey of merchants on the share of sales made using a debit card and the merchant's surcharge on debit cards, they found that removing the average ... 2.3 per cent surcharge on small-value payments would increase the use of debit cards
https://www.rba.gov.au/publications/rdp/2015/2015-03/literature.html
Willingness to Pay for the Use of Credit Card Features
11 Sep 2015
RDP
2015-03
As a crosscheck of the results, we also present the equivalent regression on the willingness to pay for debit cards (where the card feature variables are the respondent's credit card ... Two additional results are of interest. Premium card holders were
https://www.rba.gov.au/publications/rdp/2015/2015-03/willingness-pay-use-credit-card-features.html
Conclusion
11 Sep 2015
RDP
2015-03
Several results are relevant for understanding the use of cash, debit cards and credit cards. ... The responses to the DCE indicate that cash continues to provide similar (or higher) utility to a debit card payment for around 60 per cent of people for
https://www.rba.gov.au/publications/rdp/2015/2015-03/conclusion.html
Introduction
11 Sep 2015
RDP
2015-03
The results can be interpreted as the relative value that each consumer places on using debit cards and credit cards instead of cash. ... Using this novel dataset, we first aim to quantify in monetary terms the value that consumers place on debit card
https://www.rba.gov.au/publications/rdp/2015/2015-03/introduction.html
Distribution of Willingness to Pay for Card Payments
11 Sep 2015
RDP
2015-03
Assuming that the minimum willingness to pay for a card payment is zero basis points, the median willingness to pay for using debit cards is zero while the mean is 67 ... We note that the mean willingness to pay for debit cards appears to be similar for
https://www.rba.gov.au/publications/rdp/2015/2015-03/distribution-willingness-pay-card-payments.html
Estimating Consumer Surplus under Various Surcharging Scenarios
11 Sep 2015
RDP
2015-03
Respondents who do not hold a credit card have their choice set limited to cash and debit cards. ... The baseline scenario is one where merchants accept cash, debit card and credit cards but there is no surcharging of any payment method.
https://www.rba.gov.au/publications/rdp/2015/2015-03/estimating-consumer-surplus-surcharging-scenarios.html
References
11 Sep 2015
RDP
2015-03
International Journal of Industrial Organization. , 26(4), pp 889–902. Borzekowski R, EK Kiser and S Ahmed (2008), ‘Consumers' Use of Debit Cards: Patterns, Preferences, and Price Response’,. ... Environmental and Resource Economics. , 19(2), pp
https://www.rba.gov.au/publications/rdp/2015/2015-03/references.html