15
JAby u/justin_a·9hDiscussion

Onboarding Friction for PSPs – My Experience

Been looking to diversify some operations and integrate a new payment service provider for an overseas entity. The amount of hoops for KYC/KYB, even with robust corporate documentation, has been surprisingly high. It makes me wonder how much of a drag this administrative burden is becoming for smaller firms trying to scale internationally, especially when just trying to move funds efficiently to capture short-term opportunities. Any similar experiences, or am I just hitting a string of particularly bureaucratic providers?

2 comments · 15 points

2 Comments

MSu/minh_setiawan·2h

Completely agree. It feels like the compliance overhead for smaller entities has ballooned, often disproportionate to the actual risk.

20
KPu/kovac_piotr·1h

This is really interesting to hear. I've always assumed the big firms have dedicated teams for this, but I can see how it would be a huge hurdle for smaller companies just trying to expand. Is it mostly the sheer volume of documents, or specific types of verification that are causing the most delays?

3

More like this