Think twice before you swipe! Every time you use a credit card, you’re being charged a hidden fee. This secret tax takes a percentage of your transaction when money is transferred from your bank account to the merchant’s account. These fees, worth $45 billion annually, land directly in the pockets of large corporations. For perspective, that’s almost as much as Michigan State’s annual budget.
The Secret Tax
Think twice before you swipe! Every time you use a credit card, Read more…
Published:
Updated:
1 min readLocal news, once a week.
Get La Prensa's most important stories delivered directly to your inbox.
Latest articles
PERSPECTIVE: Paloma Aguirre’s Appointed Political Hack
New Supervisor selects campaign staffer over experienced community leaders....
01 Aug, 2026
-
4 min read
PERSPECTIVE: SCOTUS Right to Strike Trump’s Birthright Order
Presidents should not be able to amend Constitutional rights by Executive Order....
SD City Council Race Stokes Racial Tensions
Black consultant objected to La Prensa's endorsement of one of two Black candidates....
26 Jun, 2026
-
5 min read




