How do different payment methods deliver cost and credit efficiency in electronic commerce?

作者：

Highlights：

• We derive retailer transaction cost functions of online payment instruments.

• Our analysis is based on a unique dataset consisting of 16 m sales transactions.

• Invoice is the most cost-efficient payment method for small transaction sizes.

• Prepayment is the preferable payment method for transactions above a value of €22.

• Credit card and PayPal cause higher costs and do not show scale efficiency.

摘要

•We derive retailer transaction cost functions of online payment instruments.•Our analysis is based on a unique dataset consisting of 16 m sales transactions.•Invoice is the most cost-efficient payment method for small transaction sizes.•Prepayment is the preferable payment method for transactions above a value of €22.•Credit card and PayPal cause higher costs and do not show scale efficiency.

论文关键词：Credit efficiency,Credit cards,E-commerce,Electronic payments,Online retailing,PayPal,Prepayments,Retail payments,Transaction costs,Working capital

论文评审过程：Received 4 May 2015, Revised 2 June 2016, Accepted 2 June 2016, Available online 3 June 2016, Version of Record 15 June 2016.

论文官网地址：https://doi.org/10.1016/j.elerap.2016.06.001