Onboarding Friction for High-Volume PSP Accounts

asked by u/sarah.martinez · 5d · 1 answers

Anyone else hitting a wall with KYC/KYB when trying to onboard new PSPs for high-volume, multi-currency processing? The usual hoops are fine, but when you're talking seven-figure monthly turnovers and dealing with specific geographic payout requirements, it feels like most providers are still running manual checks from 2005. The delays are costing real money in missed opportunities, and the amount of redundant documentation requested across different teams within the same PSP is insane. What strategies are you employing to streamline this without compromising compliance?

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  • u/murphy_liam· 7 pts· 5d

    It's a persistent issue. The promise of automated onboarding often doesn't materialize for non-standard or high-volume accounts, leading to a bottleneck that feels entirely unnecessary in this era.

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