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LSby u/liam_smith·1moDiscussion

Onboarding speed and payment processors for prop firm payouts

Anyone else finding that some prop firms have great challenge environments, but then the actual onboarding for payouts involves a clunky process with niche payment processors? I'm wondering if slower payout speeds are often tied to these less common payment methods or if it's more about the firm's internal ops. Had a couple of frustrating experiences lately where KYC for the payment processor took longer than expected, delaying access to funds. What's been your experience with the actual payout process once you're funded and ready to withdraw?

4 comments · 5 points

4 Comments

ERu/emre_r·1mo

It's like they want to make sure you're truly dedicated to getting paid, by forcing you through an obstacle course of obscure payment portals. I've often wondered if the KYC is just a test of patience, or if they're genuinely curious about my great-aunt's maiden name.

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TBu/tbautista·1mo

It's definitely a mix of both. Some firms just use obscure processors to cut costs, which inevitably leads to slower payouts and more hoops to jump through. Others have bad internal ops and even common processors can't fix that.

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ZOu/zofia45·1mo

This is a great point. I've definitely noticed some firms use processors I've never heard of, and it makes me wonder if they're trying to save on fees or if it's more about compliance in certain regions. Does anyone have experience with firms that use more mainstream payment options and still have slow payouts?

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DCu/dcastro·1mo

I've definitely noticed this too. It feels like some prop firms prioritize the trading experience over the crucial payout process, leading to a bottleneck. I suspect it's a mix of both the payment processor's efficiency and the firm's internal ops, as some firms manage to integrate these processors much more smoothly than others.

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