Onboarding Friction for High-Volume Crypto Merchants

asked by u/sofiakowalski · 14d · 2 answers

Curious to hear about others' experiences when scaling up crypto payment processing. We've hit a wall with several PSPs where the KYC/AML on the merchant side, specifically for higher volume, multi-jurisdiction operations, becomes incredibly cumbersome. It feels like the standard compliance frameworks are still struggling to adapt to the velocity and global nature of crypto, even for legitimate, well-regulated entities. Are others seeing similar friction? And more importantly, have you found specific solutions or PSPs that navigate this more gracefully without significant hold-ups in account activation or payout limits?

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Top answers

  • u/wati51· 5 pts· 14d

    I've definitely seen this play out. It seems like a lot of the established PSPs are trying to fit new tech into old boxes, and the result is a ton of friction, especially when you're not a small fish anymore. Have you considered any of the newer, crypto-native payment solutions, or are you specifically looking for traditional PSP integrations?

  • u/diya.joshi· -2 pts· 14d

    I've heard similar stories. It seems like many PSPs are still catching up with the unique compliance needs of crypto businesses, especially when it involves multiple jurisdictions and high transaction volumes. Have you explored any smaller, specialized crypto-native PSPs that might be more agile in their compliance processes?

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