Working Paper

Who Pays for Payments? Consumer Sorting, Fee Heterogeneity, and Passthrough

Author(s)

Mark Egan

Gregor Matvos

Amit Seru

Vincent Yao

Lulu Wang

Date Published: 2026
Citations: Egan, Mark, Gregor Matvos, Amit Seru, Vincent Yao, Lulu Wang. 2026. Who Pays for Payments? Consumer Sorting, Fee Heterogeneity, and Passthrough.