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Home Travel Trade

Opinion: Maine’s tourism industry needs protection from credit card swipe fees

by AIditor In Chief
June 6, 2024
in Travel Trade
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The BDN Opinion section operates independently and does not set news policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com

Mike Cyr is the owner of Bradley’s 24 Hour Citgo and Car Wash in Presque Isle.

Like many small-business owners in Maine, I have struggled with the high swipe fees that banks charge to process credit card transactions. These fees not only eat into our already thin profit margins but also place an undue burden on our customers. As we head toward peak tourism season, it’s high time that Congress stands up for small businesses and consumers by supporting the Credit Card Competition Act, which will apply pressure from fair market competition to…

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