It's never actually about morals with this stuff. It's money, always money.
No entity with enough power or influence to force fantia do be more strict cares about you or "the children". More than likely mastercard,visa, etc. is bullying overseas vendors because they can squeeze more money out of them.
They already did it once, who is to say a vendor based somewhere else is not doing the same thing. INB4 you say "that makes no sense" you're thinking too long term, all these actions are for short term gains (like thinking a year ahead max). How or why this is a gain for them is probably so incomprehensible, that you would need a finance and law degree to even guess.
