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What Does it Cost to Make a Payment?

Author

Listed:
  • Humphrey David

    (Florida State University)

  • Willesson Magnus

    (University of Gothenburg)

  • Lindblom Ted

    (University of Gothenburg)

  • Bergendahl Göran

    (University of Gothenburg)

Abstract

We survey the limited data that exists concerning the cost of making/receiving a payment by banks, retailers, and other parties to a transaction. Since an electronic payment costs between one-third and onehalf that of a paper-based instrument, a country may save 1% of its GDP annually as it shifts from a fully paper-based to a fully electronic-based payment system. Some gains have already been realized. Additional analysis indicates that bank costs of making a payment may have fallen by 45% in Europe as the share of electronic transactions in 12 countries rose from .43 to .79 over 1987-1999.

Suggested Citation

  • Humphrey David & Willesson Magnus & Lindblom Ted & Bergendahl Göran, 2003. "What Does it Cost to Make a Payment?," Review of Network Economics, De Gruyter, vol. 2(2), pages 1-16, June.
    • Handle: RePEc:bpj:rneart:v:2:y:2003:i:2:n:7
    DOI: 10.2202/1446-9022.1024
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