How Bernie's small donation campaign funding model is lining the pockets of credit card companies [View all]

[beastie boy]

Low-dollar, repeat contributions are a great talking point for campaigns. They’ve also resulted in a massive financial windfall for credit card processors (to the tune of millions of dollars).

When you give a dollar to a political campaign using your credit card, a portion of that money is paid to a range of companies—the bank that issues a donor’s credit card, the campaign’s bank, the credit card company, etc.—and is generally taken as a percentage of the donation, plus a fixed amount per transaction. Even ActBlue, which advertises a flat fee of 3.95 percent, gets charged a per-transaction fee behind the scenes, though the organization would not give exact amounts.

https://www.politico.com/news/magazine/2019/11/25/small-dollar-online-donors-politics-credit-card-processing-072949

Even if Bernie is not aware of this, which I find hard to believe, at the very least this shows the ignorance, if not the hypocrisy, of bashing alternative methods of campaign funding.