Experiences with PSP onboarding and liquidity for niche payment rails
Hey everyone, I'm curious to hear about people's experiences, particularly with onboarding for Payment Service Providers (PSPs) when dealing with somewhat niche payment rails, specifically non-USD or EUR fiat pairs outside of the major G10s, and also the liquidity challenges that come with it. We've been hitting some walls lately with KYB and compliance checks dragging on for months, even with clear, verifiable documentation. It seems like a lot of these providers are very good at handling the big currencies, but as soon as you step even slightly off that beaten path, the process grinds to a halt. The bigger issue, though, is the actual depth of liquidity once you're through. We're seeing some pretty significant spreads and limited capacity for anything beyond small-to-medium sized transactions, making it tough to scale. Anyone else wrestling with this, and found any workarounds or specific types of PSPs that are more agile in this area? Always appreciate hearing what others have encountered.
Your issue with KYB dragging on for months is not unique for niche pairs; most PSPs prioritize major currencies. Have you considered working with a specialized FX provider instead of a general PSP? They often have better infrastructure for liquidity in less common pairs.