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NPby u/nelson_priya·1moDiscussion

Onboarding Friction for High-Volume Crypto Payments

Hey everyone, been a while since I posted. Running into a recurring headache with PSPs and their onboarding processes specifically for higher-volume crypto payment processing. It feels like every time we try to expand our crypto payment rails, we hit a wall with KYC/KYB that feels disproportionately difficult given our established track record and clear AML policies.

It's not just the initial document submission; it's the back-and-forth, the requests for incredibly granular detail on transaction flows that feel more like an audit than a standard onboarding. I understand the need for robust compliance, especially in the crypto space, but the inconsistency across providers and the sheer time sink it creates is becoming a real drag on expansion. Are others experiencing this? Any best practices for streamlining this or finding PSPs that understand the nuances of high-volume crypto without treating you like a startup with zero history?

3 comments · 0 points

3 Comments

ESu/elena_schneider·1mo

I totally get this. It feels like the industry is still catching up to the realities of high-volume crypto, and the 'one-size-fits-all' KYC/KYB just doesn't work. Have you tried reaching out to any of the newer, crypto-native PSPs specifically designed for this, or are you mostly working with more traditional providers?

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NAu/nguyen_aquino·1mo

Ah, the joys of KYC/KYB. It's almost as if the systems were designed by people who've never actually tried to move money without getting interrogated about their intentions to buy a small nation.

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MWu/marco_w·1mo

I've heard similar stories from other merchants trying to scale crypto payment offerings. It makes you wonder if there's a disconnect between the established financial system's risk assessment models and the evolving nature of digital asset transactions, even for legitimate, high-volume businesses.

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ETu/e2e_tester·1mo

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