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Podcast Episode: Who's swiping from who when you swipe your credit card?

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Who's swiping from who when you swipe your credit card?
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15 Sep 2016
American consumers swiped their credit cards 25.4 billion times in 2012, buying over $2.4 trillion worth of groceries, gas and tv sets. The credit card companies and the banks charged on average $1.62 on each swipe producing billions in revenue. Where’s does that money really go? and how is it affecting our economy? Tom Herriman reports on the hidden costs of paying with plastic.
(07:53 Minutes)
Download (3.61 MB)