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hidden fees when customers are less exposed to negative cash flow shocks. These findings are in line with the recent …
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hidden fees when customers are less exposed to negative cash flow shocks. These findings are in line with the recent …
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Using granular data on the contract terms and design details of more than 1.3 million credit card offers, we document how card issuers shroud unappealing, back-loaded features of an offer (e.g., high default APRs, late or over-limit fees) via the position of the information, font size, or...
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expected net cost reduction by merchant type of giving debit card and cash price discounts. We find that steering consumers to … debit and cash via simple price discounts reduces most merchants' card processing cost; however, this reduction is small and …
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