The Impact of the Durbin Amendment on Merchants: A Survey Study

26 Pages Posted: 4 Sep 2015

See all articles by Zhu Wang

Zhu Wang

Federal Reserve Banks - Federal Reserve Bank of Richmond

Scarlett Schwartz

Independent

Neil Mitchell

Independent

Date Written: 2014

Abstract

The Durbin Amendment to the Dodd-Frank Act introduced a regulation on debit card interchange fees, which went into effect in October 2011. Based on a merchant survey conducted two years after the regulation, we investigate the impact of the regulation on merchants' costs of accepting debit cards. We also examine merchants' reactions to the regulation in terms of changing prices and debit card restrictions.

Suggested Citation

Wang, Zhu and Schwartz, Scarlett and Mitchell, Neil, The Impact of the Durbin Amendment on Merchants: A Survey Study (2014). Economic Quarterly, Issue 3Q, pp. 183-208, 2014, Available at SSRN: https://ssrn.com/abstract=2655978

Zhu Wang (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

Scarlett Schwartz

Independent

Neil Mitchell

Independent

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