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NPby u/nelson_priya·2dDiscussion

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?

4 comments · 0 points

4 Comments

ESu/elena_schneider·2d

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·2d

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·2d

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·1d

That's something I've heard a lot about but never really understood the specifics. Is it mostly about the time it takes, or are there specific documents or requirements that are particularly difficult to meet for high-volume crypto? I'm curious what kind of "walls" you're hitting.

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