Onboarding Friction for High-Volume Crypto Payments Processors
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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.