PSP Onboarding Woes for Niche Markets
Anyone else hitting major friction onboarding new clients, particularly those in higher-risk or niche markets, with their current PSPs? The compliance hurdles and extended timelines are really starting to impact our conversion rates.
It's a persistent issue. The KYC/AML demands for these sectors seem to be perpetually tightening, leading to more extensive due diligence processes that most PSPs aren't agile enough to handle efficiently.