Benefits and nuances of a Curacao license in real life

It seems like a legit solution – work like this and live happily. But not everything is as rosy as it might seem. Such solutions are usually short-lived since such violations are quite strictly crossed by law and lead to the loss of the license of such providers.

Also, many banks already know how to track such transactions and block them – accordingly, the percentage of successful transactions is much lower. There are many other nuances when using Miscode solutions. One of the biggest risks is the risk of losing all the funds that have been accumulated on this processing. Because such a system can be closed at any time, both at will and under duress. And there is a fairly high probability that the money that was in your account will never be paid to you.

It is still possible to use white-hat solutions even for Curacao licenses. For some countries, such solutions work without the need for additional actions or documents. But there are some countries that are quite interesting for business, for which it is necessary to somehow confirm the legitimacy of receiving a transaction using an MCC code.

A document comes to the rescue – it’s called “Legal Opinion”. This legal document is most often issued by local lawyers in a particular country of request, who, based on the analysis of local legislation, confirm or refute the client's request, in particular, on the possibility or impossibility of operating in this country under a Curacao license.

With this document, if there is a positive conclusion, you will be able to operate in the market for which it was issued. Naturally, the process of finding such lawyers who will be ready to sign such an agreement and issue the necessary wording for you, as well as coordinating such wording with each specific PSP, is a separate, rather complicated work of lawyers and representatives of the billing department.