This one, yeah makes sense. Although it has less explanatory power for EC cards than credit cards imo. Aren't EC card payment fees quite low?
Plus IIRC studies show people being more willing to spend more with 'plastic' than cash, so it may actually be a false savings for the business.
And it's not like Germany is collectively taking some principled position against digital payments, they're just slower on the adoption curve; it IS still happening. To me this points more to the general conservatism on digital things that you can see elsewhere as well (e.g. uptake of digital books, downloaded vs physical video games, downloaded/streamed music, etc.) rather than something specific to payments themselves.
Well, no. That explains why consumers might pay with cash, but not why businesses would only take cash.
> thriftiness (stores avoiding card payment fees).
This one, yeah makes sense. Although it has less explanatory power for EC cards than credit cards imo. Aren't EC card payment fees quite low?
Plus IIRC studies show people being more willing to spend more with 'plastic' than cash, so it may actually be a false savings for the business.
And it's not like Germany is collectively taking some principled position against digital payments, they're just slower on the adoption curve; it IS still happening. To me this points more to the general conservatism on digital things that you can see elsewhere as well (e.g. uptake of digital books, downloaded vs physical video games, downloaded/streamed music, etc.) rather than something specific to payments themselves.