{"id":8791,"date":"2025-03-11T11:52:13","date_gmt":"2025-03-11T11:52:13","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/03\/11\/visa-and-mastercard-under-fire-for-processing-payments-on-unlicensed-gambling-sites\/"},"modified":"2025-03-11T11:52:13","modified_gmt":"2025-03-11T11:52:13","slug":"visa-and-mastercard-under-fire-for-processing-payments-on-unlicensed-gambling-sites","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/03\/11\/visa-and-mastercard-under-fire-for-processing-payments-on-unlicensed-gambling-sites\/","title":{"rendered":"Visa and Mastercard Under Fire for Processing Payments on Unlicensed Gambling Sites"},"content":{"rendered":"
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Following an investigation by Investigate Europe that found that Visa and Mastercard handled payments for unauthorized gambling websites, the corporations are now under investigation. Notwithstanding the payment companies\u2019 earlier pledge to prevent illicit transactions, these platforms are accused of defrauding UK consumers out of thousands of pounds.<\/p>\n

According to the research, two gambling sites offered Visa as a deposit option<\/a>, while nine gambling sites that lacked the required UK licenses permitted Mastercard deposits. These websites, which advertised live sports betting and casino games, persisted in their operations in spite of legislative limitations. Search engines and social media sites also aggressively promoted these websites, resulting in millions of visits from October to December of last year.<\/p>\n

Customers Report Lost Winnings and Account Deletions<\/strong><\/h2>\n

Many users who deposited funds on these sites reported serious issues, including withheld winnings and account deletions. One UK customer shared that they won \u00a36,000 ($7,759) after spending \u00a33,270 ($4,228) but were unable to withdraw their prize. Similarly, a Gransino player said their account was deleted after they complained about withdrawal issues. Customer support simply told them, \u201cit was the end of the matter.\u201d<\/em><\/p>\n

Some individuals lost staggering amounts. One person lost \u00a360,000 ($77,592) on an unlicensed site and felt suicidal. Another player, who lost more than \u00a3200,000 ($258,641), pursued legal action in German courts, stating, \u201cThose who run these casinos have stolen my life.\u201d<\/em><\/p>\n

Iain Duncan Smith, chair of the all-party parliamentary group on gambling reform, condemned the situation. He acknowledged that most gambling-related harm stems from licensed operators but insisted more action is needed against unlicensed sites. \u201cThese companies must immediately up their game and start blocking all unlicensed gambling site transactions,\u201d<\/em> he said.<\/p>\n

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