Arbeitspapier

Cashless stores and cash users

The emergence of cashless stores has led several cities and states to ban such stores. This paper investigates this issue by characterizing consumers who pay cash for in-person purchases and consumers who do not have credit or debit cards. I construct a model of consumer payment choice and use data on payments to calibrate the burden imposed on consumers who do not have credit or debit cards from switching to cashless stores. The conclusion provides a discussion of alternatives to cash for in-person purchases that may be needed before all brick-and-mortar stores become cashless.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 2019-11

Classification
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Subject
cashless stores
consumer payment choice
in-person purchases
alternatives to cash

Event
Geistige Schöpfung
(who)
Shy, Oz
Event
Veröffentlichung
(who)
Federal Reserve Bank of Atlanta
(where)
Atlanta, GA
(when)
2019

DOI
doi:10.29338/wp2019-11
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Shy, Oz
  • Federal Reserve Bank of Atlanta

Time of origin

  • 2019

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