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Onboarding Friction with PSPs and Crypto Liquidity
We've been vetting a few new PSPs to integrate for our crypto payment rails, and the onboarding process for some has been surprisingly clunky, especially around KYB for corporate entities. Beyond the standard paperwork, the hoops to jump through for a multi-jurisdictional setup seem to multiply. It makes me wonder if others are seeing similar friction, or if our specific business model (mixing fiat and $USDT settlement) is just hitting a common bottleneck. What's been your experience with PSPs regarding KYB efficiency, particularly when dealing with significant crypto liquidity requirements?
1 comments · 26 points
It's interesting you bring this up. We're also in a similar boat, and the KYB process has been a major bottleneck. Do you find that certain PSPs are better equipped to handle multi-jurisdictional setups, or is it a universal challenge across the board?