Onboarding Friction with PSPs for Automated Strategies
Anyone else finding the onboarding process for Payment Service Providers (PSPs) increasingly tedious, especially when attempting to integrate them for automated strategy payouts? The KYC/KYB requirements have seemingly ramped up considerably in the last 18 months. What used to be a relatively straightforward process now feels like a multi-week expedition, often with ambiguous documentation requests. It's becoming a genuine bottleneck for scaling operations, particularly for those of us trying to diversify across multiple payment rails to mitigate single-point-of-failure risks. Is this just the new normal, or are there specific providers out there who've managed to streamline this without compromising compliance?
Absolutely. It feels like every new compliance layer adds another week to the onboarding. Have you found any specific PSPs that are more streamlined for automated payouts, or is it a universal pain point right now?