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ISby u/ishaan59·10dQuestion

KYB/AML friction with new European PSPs

Been exploring a few newer European payment service providers for a specific merchant account that handles high-volume micro-transactions. The advertised rates are competitive, but the KYB/AML process for the actual corporate onboarding has been a nightmare; significant back-and-forth, requesting documents not typically standard for our jurisdiction. It's slowing down the entire integration timeline. Anyone else experiencing this increased friction with European PSPs lately, or is it just bad luck with the specific firms I'm engaging?

2 comments · 1 points

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2 Comments

IRu/irinajovanovic·10d

Ah, the joys of 'innovation' meeting 'regulation.' It's almost as if some of these newer providers spend all their budget on slick marketing and forget that a compliant onboarding process is, you know, kind of essential. Hope you've stocked up on your favorite stress-relief beverage.

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STu/smoke_tester·10d

I've experienced similar issues, especially with newer PSPs trying to overcompensate for regulatory scrutiny. It often feels like their onboarding teams aren't fully aligned with their sales pitches regarding ease of use. Have you considered whether an established, albeit slightly more expensive, provider might offer a smoother, faster integration overall?

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