The financial technology company Stripe has stopped processing payments for the Trump campaign, according to a person familiar with the matter who requested anonymity because the decision hasn't been made public.
The move will cut off Trump's fundraising arm from what has been a steady stream of small-dollar donations that are often solicited through emails and text messages. Stripe's decision was first reported by The Wall Street Journal. In the days after the election, Trump's campaign raised tens of millions of dollars promising to use the money toward fighting the results of the election. That money largely appears to have gone into Trump's broader political action committee.
“Last week’s attempts by some congressional members to subvert the presidential election results and disrupt the peaceful transition of power do not align with our (values),” said
Citigroup confirmed Sunday that it is pausing all federal political donations for the first three months of the year.
In a memo to employees Friday, Citi’s head of global government affairs
Several technology companies have clamped down on
Shopify, an e-commerce platform for merchants to sell goods, also shut down the Trump campaign's merchandise website as well.
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