Banks Sucking Hatian Blood

Bloodsuckers by Todd Francis of ELEMENT Skateboards

via Huffington Post: As Wallets Open For Haiti, Credit Card Companies Take A Big Cut

The basic idea is folks are complaining that the CreditCard companies will make a huge profit over the millions in money folks are donating using CreditCards and some say the big banks should waive all fees on non-profit donations.

I don't see this as something we need a law around -- if i ran a CC company I would capitalize on a new card that is designed to help people in need... 1% of all purchases goes to charity (vs. cash back or rewards) and NO transaction fee on donations to non-profits who registered with us or something.. win-win. No reason to legislate something that would be an obvious competative advantage to the creditcard companies who are fighting for customers.. they pay around $100 - $1000 to acquire 1 new customer.. its' crazy.

Additionally, I don't really mind if a CC company makes a profit off certain charities (mainly, ones I don't like), and I could also argue that if anyone needed reduced fees it would be small businesses.

Ideas?