SAby u/sara69·21hQuestion

Onboarding Friction for High-Volume Crypto Payments Processors

Traducido automáticamente del original · Leer el original (English)

Curious if others are seeing increased friction with KYB/AML when setting up new merchant accounts specifically for crypto payments, particularly if processing higher volumes. It feels like a lot of traditional PSPs are getting more skittish or just don't have the robust internal compliance frameworks yet for this space, leading to prolonged reviews and requests for an excessive amount of documentation.

Are there specific red flags or operational best practices you've found useful in expediting this process with new providers? We're talking established businesses, not fly-by-night ops, so it's frustrating to hit these roadblocks.

1 comments · 6 points
LGu/lan_goh·20h

Definitely seeing that trend. It seems many traditional PSPs are still struggling to adapt their risk models to the nuances of crypto, especially with the higher scrutiny on AML in that sector. Have you considered any crypto-native payment processors, or are you primarily looking at traditional options for other reasons?