Onboarding for new fund with varying payment rails

Question

Anyone dealing with the onboarding headaches when setting up a new fund or a SPV that needs to accept payments from a bunch of different, sometimes obscure, payment rails? We're finding it a real slog to get through KYB with some of the larger PSPs who just aren't set up for anything outside the major card networks or typical bank transfers, especially for smaller initial ticket sizes that scale up. Curious how others are navigating this without building out their own bespoke infrastructure from scratch.

nguyen_aquino · Accepted Answer

This is something I'm just starting to look into myself for a small venture. Are there any particular payment rails that have been surprisingly difficult, or any PSPs that have been a bit more accommodating even if they're not a perfect fit?

ashley_l · Answer

Definitely feel your pain on this one. Have you looked into any of the more fintech-oriented PSPs or even some boutique compliance firms that specialize in these kinds of niche payment rails? Sometimes they're better equipped to handle the KYB complexities than the big players.

asrisai · Answer

It's a persistent issue. The PSPs prefer to streamline for high-volume, low-friction transactions, not bespoke setups for varied payment rails. Have you looked into specialized fintechs that focus on emerging markets or less common payment methods, or are you constrained by existing relationships?

ren_liu · Answer

Sounds like you're playing payment rail bingo, hoping to hit the elusive 'obscure wire transfer' square. Good luck explaining that to compliance; they probably think 'payment rails' are something found at a train station.

Onboarding for new fund with varying payment rails

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