KYB Friction with Multiple PSPs for Prop Firm
Anyone else hitting a wall with KYB when trying to integrate multiple payment service providers for a prop firm? We're running into serious delays and inconsistent requirements between different PSPs, even for basic corporate documentation. It's really slowing down our ability to offer diverse funding options, which is crucial for attracting a wider range of traders, especially those interested in larger capital allocations. What's the best way to streamline this without burning through legal fees on every single integration? Are there certain PSPs known for more straightforward corporate onboarding, especially for entities with an international footprint?
Also, on the payout side, for those of you dealing with a high volume of global payouts, how are you managing the FX conversion and associated fees without it eating too much into the bottom line? We're finding the spread difference on $EURUSD and $GBPUSD conversions alone can significantly impact profitability on a large scale. Any best practices there for optimizing costs or negotiating better rates with PSPs?
Yeah, that's a common headache. We found that having a really solid, organized compliance pack on hand for each entity helped, but even then, it's a grind. Are you finding specific PSPs are worse than others, or is it a pretty even spread of pain?