Navigating offshore PSPs for high-volume transactions – curious about others' experiences

Hey everyone,

I'm finding myself at a crossroads with our current payment service provider setup for offshore entities. We're dealing with increasing transaction volumes, and the associated spreads and fees are starting to become a significant drag on our bottom line. On top of that, the onboarding process for new corporate accounts with our existing PSP has become incredibly cumbersome, with multiple rounds of KYB that feel redundant and protracted.

I'm curious to hear from others who operate in similar high-volume, offshore environments: What kind of due diligence do you perform when selecting a PSP for your corporate accounts? Beyond the obvious factors like spreads and fees, what less-obvious but crucial elements should I be scrutinizing? Specifically, I'm thinking about payout reliability – have any of you encountered situations where funds were held up or processing times became excessively long, and how did you mitigate that? Also, what's your experience been with liquidity provision from various PSPs when dealing with multiple currency conversions on a daily basis? Any insights into maintaining competitive rates while ensuring smooth operations would be greatly appreciated.