13419819, Stripe no longer processing payments for Trump Campaign (swipe)
Posted by navajo joe, Sun Jan-10-21 06:36 PM
https://www.wsj.com/articles/stripe-stops-processing-payments-for-trump-campaign-website-11610319116
Stripe Stops Processing Payments for Trump Campaign Website
Financial-technology company’s move follows last week’s riot at the Capitol
Stripe Inc. will no longer process payments for President Trump’s campaign website following last week’s riot at the Capitol, according to people familiar with the matter.
The financial-technology company handles card payments for millions of online businesses and e-commerce platforms, including Mr. Trump’s campaign website and online fundraising apparatus. Stripe is cutting off the president’s campaign account for violating its policies against encouraging violence, the people said.
Stripe asks users to agree that they won’t accept payments for “high risk” activities, including for any business or organization that “engages in, encourages, promotes or celebrates unlawful violence or physical harm to persons or property,” according to its website.
Spokespeople for the Trump campaign didn’t immediately respond to a request for comment.
A number of companies have cut ties with Mr. Trump’s since Wednesday’s attack, which left five people dead. Twitter Inc. TWTR -1.62% on Friday banned Mr. Trump’s personal account from its platform, citing a risk of further incitement of violence, while Canadian e-commerce company Shopify Inc. took stores run by Mr. Trump’s business and campaign offline. Some political action committees are also halting donations to Republican lawmakers who objected to President-elect Joe Biden’s Electoral College win after supporters of Mr. Trump stormed the Capitol.
After the election, Mr. Trump’s campaign launched a fundraising blitz to raise money for legal battles challenging Mr. Biden’s victory in several states. The effort brought in hundreds of millions of dollars for Mr. Trump’s political committees and the Republican party.
Write to AnnaMaria Andriotis at annamaria.andriotis@wsj.com, Peter Rudegeair at Peter.Rudegeair@wsj.com and Emily Glazer at emily.glazer@wsj.com
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