BREAKING: Stripe Will Stop Processing Payments For Trump

President Donald Trump’s problems are increasing. The latest problem for Trump is that payment processor Stripe is now stop processing payments from Trump and his political campaigns. And it will hurt:

The Wall Street Journal was the first to report the news, and CNN confirmed the report with a source familiar with the matter.

Stripe restricts payments from “high risk” businesses including those that “engages in, encourages, promotes or celebrates unlawful violence or physical harm to persons or property,” according to its website statement on restricted businesses. 

The Trump campaign did not immediately respond to a request for comment. Trump’s campaign paid Stripe more than $1.8 million in the 2020 election cycle, Federal Election Commission records show.

Last month, 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. An increasing share of the money, however, flowed to a leadership political action committee that Trump established to help fund his post-White House activities.

Updated figures on Trump’s most recent fundraising are not yet public.

Cutting Trump off from collecting cash is really going to hurt. Perhaps as much as having his Twitter account terminated.

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