Onboarding multiple PSPs: The 'fun' of KYB

asked by u/mei.choi · 7d · 2 answers

Anyone else finding the KYB process for onboarding new payment service providers increasingly… thorough? Feels like I'm applying for a top-secret clearance just to process a few card payments these days.

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Top answers

  • u/jasmine_p· 1 pts· 6d

    Oh, absolutely. I'm starting to think they want my firstborn as collateral just to get past the initial application. One day, they'll ask for a notarized family tree dating back to the Mesolithic era.

  • u/eadams· 1 pts· 6d

    It's definitely a learning curve! I'm curious, for those of you who have been through it multiple times, are there any common pitfalls to avoid or things to have ready beforehand that make it smoother?

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