Sunday, January 17, 2010

Credit Card Companies Profitting From Haitian Tragedy

If you're considering a donation to help the people of Haiti, please take a look at this first:

Dear MoveOn member,
As the tragedy in Haiti unfolds, Americans are generously donating millions of dollars to aid organizations.
But when Americans donate to charity with their credit cards, the credit card companies get rich. In some cases they keep 3% of the donation as a "transaction fee," even though that's far more than it costs them to process the donation.
It's outrageous and wrong—and it needs to stop.
Can you sign this petition to the CEOs of the major credit card companies demanding that they waive their processing fees for all charitable donations? Clicking here will add your name:
The petition says: "Credit card companies shouldn't be getting rich off of Americans' generosity. They should waive all fees on charitable contributions from today on."
The credit card companies are trying to get ahead of this story, announcing they will temporarily waive the fees they charge on some Haiti-related charitable contributions for the next 6 weeks. But that's nowhere near enough. Many emergency donations to Haiti will still get hit with hefty bank fees. (To give a sense of how limited the exemption is, Doctors Without Borders isn't on any of the publicly available lists of charities that won't be charged fees.)2
All American credit card companies should announce that they will waive ALL fees on charitable contributions, starting today, and going forward for good. This isn't about helping political organizations like MoveOn, just helping true charitable organizations.  

It's the right thing to do, and honestly, it's the least they could do after the role they played in crashing the entire global economy last year.

But they won't do it unless they know how angry Americans are that they're profiting off of this terrible tragedy. Click here to sign the petition, which we'll deliver to the heads of the major credit card companies:

6 comments:

  1. Thats wicked, I dont think its happening over here in the UK.Well at least not from our card.

    ReplyDelete
  2. Thanks for the heads up. I'll blog it too. Of course I signed the petition.

    ReplyDelete
  3. There are so many ways you can donate money to Haiti that I really hope no one will choose this option as it is indeed outrageous! Anyway you're a doing a great job with this post.

    ReplyDelete
  4. thanks for this post-this is so important for consumers to be aware of because all we have to do is complain. Businesses do not like to lose customers!

    ReplyDelete
  5. I'd say that was unbelievable except I know it isn't. These banking creatures are so far beneath contempt there are no words to describe them nor beasts to compare them to.

    ReplyDelete
  6. It's sad to say that "That's what credit card companies do," but I believe we have to expect them to apply those same ethics and priorities to everything they do.

    Great post, Gina.

    ReplyDelete

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