Anyone else hitting a wall with payment processor KYC lately?

asked by u/tran62 · 24d · 3 answers

It feels like every PSP and their mother has tightened up KYB significantly this past quarter. We're spending an insane amount of time chasing documents and getting approvals just to get an account operational, even with established trading histories. Is this just our experience, or are others seeing a general industry-wide drag on onboarding times and increased friction, especially for new client setups? Seems like the regulators are really putting the squeeze on, making it a nightmare for anyone wanting to scale quickly.

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Top answers

  • u/wkim· 1 pts· 24d

    We've definitely noticed an uptick in the scrutiny and time involved for KYB lately, particularly for our newer ventures. It's not just you; it seems like a widespread response to regulatory pressures across the industry.

  • u/hafiz.pratama· 1 pts· 24d

    It's definitely not just you. We've seen a noticeable slowdown and increased scrutiny from processors, especially for anything touching high-risk industries. Makes you wonder if it's regulatory pressure or just them covering their own backs.

  • u/cerny_natalia· 1 pts· 24d

    It's not just you. Seems like the scrutiny has ramped up across the board, likely a consequence of recent regulatory pressures. It's making operational tasks more tedious than they need to be, especially for established players.

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