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Politics Payment processor Stripe cuts ties with Trump campaign

05:50  11 january  2021
05:50  11 january  2021 Source:   thehill.com

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Stripe , which processes online payments for President Donald Trump ’s campaign , cut ties with him for violating its policies during last week’s riot at the U.S. Capitol, the company said Sunday. The San Francisco-based company said Trump encouraged violence last Wednesday, when a mob of his

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. Stripe is cutting off the president’s campaign account for violating its policies against encouraging violence, the people said.

Payment processing company Stripe cut ties with President Trump's campaign after his supporters rioted at the Capitol last week, a person familiar with the matter confirmed to The Hill on Sunday.

Donald Trump wearing a suit and tie: Payment processor Stripe cuts ties with Trump campaign © Getty Images Payment processor Stripe cuts ties with Trump campaign

Stripe, a San Francisco-based company that manages online card payments for several businesses, will stop processing payments to the campaign, saying the campaign violated its policies against encouraging violence after a pro-Trump mob stormed and vandalized the Capitol.

The company requests that users not collect 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.

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Stripe , an online payment processing service, announced that they will no longer handle payments for the Trump campaign , according to a report by CNN. The Trump campaign has not responded to Stripe ’s announcement, although, as Stelter noted, they have a dwindling number of platforms

Stripe Payments powers ecommerce giants, but will small businesses benefit from everything Stripe offers? Our Stripe review explains how it all works. Stripe is a third-party payments processor built around a simple idea: make it easy for companies to do business online.

The Wall Street Journal first reported that the company was ending its relationship with the campaign.

The Trump campaign did not immediately return a request for comment.

The news of Stripe separating from the president's campaign came after other technology firms punished Trump and his campaign.

Twitter permanently suspended Trump's account, and Facebook declared the president could not have access until at least President-elect Joe Biden's inauguration. The email vendor that helped the campaign distribute its emails suspended access as well following the riots.

Apple and Google also stopped offering Parler, the right-wing social media site frequented by conservatives and Trump supporters, in its app stores, saying the platform does not monitor its content and Amazon Web Services said it would not host the site until it ramps up content moderation.

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Is Stripe or PayPal the better gateway & payment processor for your small business? Stripe VS PayPal: Quick Comparison. Stripe and PayPal are online credit card processors with similar You may not actually need to worry about the /month active account fee at all, and all of that ties into

Trump Victory, the joint committee that can accept the largest donations, raised Of that group, 12 individuals, many with close ties to Mr. Trump and his team, gave the maximum contribution of Also receiving payments as a vendor to the campaign is the credit card- processing company Stripe

Businesses are responding after pro-Trump rioters broke into the Capitol building last week, forcing lawmakers to flee to secure locations and both chambers to halt their debates on the Electoral College.

Trump had called his supporters to flock to D.C. on Jan. 6 to protest Congress' certification of the Electoral College results confirming Biden's victory. Ahead of the riots, he encouraged his supporters in a speech to march to the Capitol and reiterated his unfounded claims that widespread voter fraud affected the election.

Marriott International Inc. and Blue Cross Blue Shield Association both announced they would halt company donations to any lawmakers who voted to oppose the Electoral College vote after the riots.

Fact check: Social media falsely claims Vice President Mike Pence was arrested .
After rioters breached the U.S. Capitol Wednesday, social media posts claimed Vice President Mike Pence had been arrested. That is false.Vice President Mike Pence was also at the Capitol to preside over the proceedings. Shortly after rioters breached the Capitol, Phil Godlewski took to Facebook to claim that Pence had been arrested.

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