Maine Now In On the Fight Against High Credit Card Processing Fees
Maine business owners are joining the opposition to inflated credit card processing fees. A local news station, WMTW reported that business owners are noticing a consumer payment trend that shows consumers drifting away from cash use and depending more and more on credit cards. This means that they are punched with higher processing fees. Smaller businesses not only feel it worst, but have the hardest time fighting back because of their size.
One gas station owner, John Babb, is fighting back by circulating petitions among his gas stations. “They’re [processors] actually making more money on a gallon of gas than we are,” Babb said. “They write the rules, you either take it or leave it and our customers demand we take it.”
The signatures collected from Maine’s petition efforts will be sent to Congress to join the already millions of other signatures asking for reform and more regulation.