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"However if customers were made to pay directly for the services that they use then it would be far easier for the banks to adjust their charges to either makes the low balance and low transaction value customers profitable or, better still for the banks, to encourage those customers to take their business elsewhere".
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Credit cards or PayPal really have no place at the low-end of transaction value because transaction fees easily eat into the total transaction itself.
Transaction costs are as low as 2.75% of the transaction value.
He also states that in societies where individualism and collectivism co-exist, the transaction value is low (in-group transactions) and when either individualism or collectivism is dominant, the transaction value is relatively high.
She added that although next week's austerity measures, to be detailed by the Chancellor on Wednesday, were a concern, "relative to other retailers our average transaction value is pretty low at around £5, so we are less affected during a downturn or tougher economic times".
This about a 3 percent of the transaction value and while on the low end of the standard range these days, it is quite a large dollar amount.
The transaction value includes the assumption of debt.
Visa and MasterCard charge 2.5% of the transaction value for retail transactions and 2.9% for so called "airline transactions" (where currency conversion fees are not allowed).
On a per-subscriber basis, the Dolans say, "the implied cable and telecom transaction value represents the highest value paid in a major cable transaction in recent years".
The transaction values Tyco Flow Control at about $4.9 billion.
The transaction values Inoxum at 2.7 billion euros ($3.5 billion).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com