3 ms·

Stripe (and every other credit card processors) have long refused to do business with a broad amount and types of businesses. For example, Stripe themselves don

by astura 6y ago

Stripe (and every other credit card processors) have long refused to do business with a broad amount and types of businesses. For example, Stripe themselves don't serve most travel sites. https://stripe.com/blog/why-some-businesses-arent-allowed https://stripe.com/blog/why-some-businesses-arent-allowed It's a super common practice to deny some customers for basically all financial services companies.

koolba 6y ago
If they stopped providing services to all political campaigns that’d be comparable.
- astura 6y ago
  If you read the blog post I linked to you'd see there are various exceptions that Stripe makes in most categories and they make business justifications for each exception. It's in Stripe's best interest to deny services to Trump because coups and unstable governments are just bad for business. That's why the business lobbying group the The National Association of Manufacturers is calling for invoking the 25th Amendment This is part of their statement: “This is not the vision of America that manufacturers believe in and work so hard to defend. Across America today, millions of manufacturing workers are helping our nation fight the deadly pandemic that has already taken hundreds of thousands of lives. We are trying to rebuild an economy and save and rebuild lives. But none of that will matter if our leaders refuse to fend off this attack on America and our democracy—because our very system of government, which underpins our very way of life, will crumble.” https://www.nytimes.com/2021/01/09/business/national-association-manufacturers-trump.html https://www.nytimes.com/2021/01/09/business/national-associa... Financial services companies have always chosen their customers carefully, If there were antitrust concerns with this they would have already been addressed - because this is SOP.
- pixl97 6y ago
  If they stopped doing business with groups advocating for the violent overthrow of the government that would he compatible.

by astura 6y ago

koolba 6y ago

If they stopped providing services to all political campaigns that’d be comparable.

astura 6y ago
If you read the blog post I linked to you'd see there are various exceptions that Stripe makes in most categories and they make business justifications for each exception. It's in Stripe's best interest to deny services to Trump because coups and unstable governments are just bad for business. That's why the business lobbying group the The National Association of Manufacturers is calling for invoking the 25th Amendment This is part of their statement: “This is not the vision of America that manufacturers believe in and work so hard to defend. Across America today, millions of manufacturing workers are helping our nation fight the deadly pandemic that has already taken hundreds of thousands of lives. We are trying to rebuild an economy and save and rebuild lives. But none of that will matter if our leaders refuse to fend off this attack on America and our democracy—because our very system of government, which underpins our very way of life, will crumble.” https://www.nytimes.com/2021/01/09/business/national-association-manufacturers-trump.html https://www.nytimes.com/2021/01/09/business/national-associa... Financial services companies have always chosen their customers carefully, If there were antitrust concerns with this they would have already been addressed - because this is SOP.
pixl97 6y ago
If they stopped doing business with groups advocating for the violent overthrow of the government that would he compatible.