Anyone else seeing increased friction with PSP onboarding for high-risk accounts?

asked by u/fx_quant_lee · 18d · 1 answers

We've been trying to onboard a new PSP for some of our international card processing, particularly for regions that are considered higher risk. The KYB process seems to have gotten significantly more stringent lately, taking weeks longer than we anticipated and requiring a mountain of documentation. Is this just our experience, or are others seeing a general tightening across the board, especially concerning things like payout reliability and liquidity assurances?

Join the full discussion

Top answers

  • u/tkim· 4 pts· 18d

    That's interesting to hear. I'm just starting to look into different PSPs for my own business and was wondering about the onboarding process, especially for newer ventures. Are you finding that some PSPs are more accommodating or efficient than others, even with the stricter KYB?

Related questions