Onboarding & KYB for new merchant accounts - current lead times and pain points?
asked by u/felipe2 · 5d · 1 answers
Anyone else seeing increased friction and lead times on merchant account onboarding, particularly for new entities or those with slightly complex ownership structures? We're trying to get a new crypto payments solution live, and the KYB process is just grinding everything to a halt. Seems like every PSP has its own interpretation of the AML5/6 regs, leading to endless document requests. Curious if others are experiencing similar bottlenecks, or if there are specific regions/providers where this is less of an issue. The variance in compliance team responsiveness alone is costing us weeks.