Anyone else hitting major snags with PSPs and crypto payouts lately?
Been running into some real headaches trying to move crypto-related funds recently, specifically when dealing with certain payment service providers. It seems like the goalposts for KYB (Know Your Business) are constantly shifting, and what was fine last month is now triggering all sorts of additional documentation requests, some of which feel borderline invasive. We're not talking about anything exotic here, just standard volume from a prop firm dealing in spot FX and some $BTC pairs. It's not just the onboarding either; payout reliability has become a bigger concern. We've had a few instances where expected transfer times blew out significantly, and getting clear communication on the delays has been tough. It's forcing us to diversify our PSP relationships more than ever, which adds its own layer of admin. Anyone else experiencing increased friction in this area, or seeing specific regions/cryptos becoming a bigger pain point for their PSPs?
It's not just you. The regulatory environment for crypto is still evolving, and PSPs are likely just reacting to increased scrutiny to cover themselves, which translates to more friction for users.