It is not the gambling providers who are doing this, it is the payment service providers. Miscoding is a practice widely used, outside of gambling too.
It will just be ignored by the Curacao licencing board as it is not their duty to check on such things.
Am a former banker.
That's a load of rubbish I'm afraid.
The unlicensed casinos are more than aware of exactly what is happening. If they weren't they'd be setting up their sites to directly accept card payments instead of routing it through 3rd party payment providers.
Are you telling me that sites like ninewin, bubblesbets, mystake, magicwin etc, which are all unlicensed, anywhere, would gladly welcome inspection of their transactions by any government or card issuer?
As for MCC miscoding being a widely used practice.... Also horse-shit.
The fines that both MC and VISA apply for deliberately miscoding transactions are more than capable of burying most legitimate businesses. Especially at the volume of transactions carried out on these sites.
Source: someone who has both worked in both payment tech and horseshit detection.
