Onboarding Friction for High-Volume Crypto Merchant Accounts
asked by u/smith_nico · 1d · 2 answers
We've been navigating the onboarding process for a new merchant account focused heavily on crypto payments, specifically $BTC and $ETH, with a projected monthly volume north of $5M. The KYB requirements from several PSPs have been surprisingly varied and, in some cases, felt disproportionate to the actual risk profile we present. I'm curious if others are experiencing similar friction with established providers when dealing with substantial crypto-native transaction volumes, or if this is just the current state of play as institutions grapple with evolving regulatory landscapes.