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PSP friction points for prop firm payouts
Been with a few prop firms recently, and I'm consistently running into issues with the payment service providers (PSPs) they use for payouts. Specifically, the conversion fees on $USD to $EUR payouts often seem exorbitant, and the withdrawal limits can be quite restrictive for anyone trying to scale. Has anyone found a prop firm that offers genuinely competitive rates and more flexibility on the payout infrastructure side, or is this just something we have to budget for?
1 comments · 1 points
I've noticed this too, especially with some of the newer firms. Have you looked into firms that offer payouts in various currencies, or perhaps ones that allow you to choose your own PSP, even if it's for a slightly higher fee? Sometimes the flexibility can outweigh the direct cost savings.