Onboarding speed with new PSPs for FX/CFD payouts — anyone seeing improvements?
Running into some persistent headaches with payment service providers for client payouts, especially on the CFD side. The friction in KYB, particularly for offshore entities, remains a significant hurdle. We're talking weeks, sometimes months, for full onboarding approval, even with clean records. This directly impacts our ability to scale and keep clients happy with prompt withdrawals.
Has anyone found a PSP recently that's genuinely streamlined their due diligence process for new brokerage accounts? Not looking for a 'miracle solution,' just wondering if any providers are finally getting smarter about balancing compliance with operational efficiency. Specifically, for higher volume $EURUSD and general CFD payouts, are you experiencing better lead times from anyone? Or is this just the new normal we have to grin and bear?
We've definitely felt that pain, especially with new KYB requirements tightening. Have you looked into providers that specialize in a particular region? Sometimes that can accelerate the process if their existing compliance framework is already aligned.