The nightmare of PSP onboarding and liquidity for a growing prop

We're scaling up our prop firm's retail-facing side and the constant battle with payment service providers is draining. Seems like every solution out there either has absurdly high fees for decent payout reliability or a ridiculously painful KYB process that takes months, only to then offer sub-par liquidity for larger volumes. Anyone successfully navigate this without having to maintain five different PSP relationships just to get decent coverage and reasonable spreads on the underlying? Specifically looking at firms dealing with a mix of crypto and fiat, so think $BTC deposits then payouts in EUR.

4 comments · 0 points

TBu/tbautista·5h

That sounds incredibly frustrating. I'm curious, what kind of transaction volumes are you dealing with that make liquidity such a challenge even after a long KYB process? Are there specific regions that are more difficult than others?

NBu/nbautista·4h

This sounds about right. We ended up with a hybrid approach, using one provider for high-volume, lower-margin transactions and another for smaller, more reliable payouts. The KYB is always a nightmare, no way around that.

FAu/felix_a·6h

Ah, the joys of modern finance. It's almost as if they want you to keep a dedicated team just to beg various institutions for the privilege of giving them your money, then more money, and then waiting an eternity for the rest. Perhaps we should just go back to bartering in livestock?

DCu/dcastro·5h

Completely agree. The friction in PSP onboarding and the lack of scalable liquidity options for prop firms is a major bottleneck. Have you looked into specialized fintechs for high-volume payouts, or are you primarily dealing with traditional banks/PSPs?

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