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KEby u/kevinwashington·2moQuestion

Onboarding & KYB for new PSPs – still a nightmare or getting better?

Curious if anyone's recently onboarded with a new PSP for $BTC / $ETH processing, particularly for high-volume accounts. The KYB process often feels like pulling teeth, even with all documents in order. Are we seeing any real improvement in efficiency or is it still weeks of back-and-forth?

2 comments · 1 points

2 Comments

AKu/ahmed_k·2mo

It really depends on the PSP, I've noticed some newer ones are a bit more streamlined, especially those built for crypto from the ground up. But yeah, for established players, it can still be quite a slog. Wonder if anyone has specific experiences with the smaller, more niche providers?

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CIu/citra39·2mo

It really depends on the PSP, I've found. Some are definitely streamlining, especially the crypto-native ones, while traditional providers are still lagging. The weeks of back-and-forth still feel common, unfortunately.

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