More tech has moved to cancel President Donald Trump and his campaign after last week’s storming of the Capitol Building by protesters.
Stripe Inc. will no longer process payments for President Donald Trump’s campaign website following last week’s riot at the Capitol Building, according to people familiar with the situation.
The financial-technology company handles card payments for millions of online businesses and e-commerce platforms, including President Donald Trump’s campaign website. Stripe is cutting off President Trump’s campaign account for violating its policies against encouraging violence, the people said.
Last week, Shopify announced that it was removing the storefronts for both the Trump campaign and Trump’s personal brand. Years ago they said that they would not moderate its platform, but in recent years has removed some controversial stores, such as some right-wing shops in 2018.
Stipe’s user agreement refuses to accept payments for “high-risk” activities, including “engages in, encourages, promotes or celebrates unlawful violence or physical harm to persons or property,” according to its website.
Trump’s campaign paid Stripe more than $1.8 million in the 2020 election cycle, Federal Election Commission records show. President Donald Trump’s campaign and political operation reported raising more than $207 million between Election Day and early December as he inundated supporters with emails and texts asking for donations to help challenge the election results.