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MLby u/murphy_liam·10dQuestion

Onboarding for high-volume crypto payments – PSP experiences?

Anyone else finding the KYB process for high-volume crypto payment processing increasingly arduous? We're a mid-size OTC desk, moving significant $BTC and $USDT daily, and the deep dive into source of funds, even for repeat clients, is starting to really bog down our onboarding funnel. We've cycled through a few PSPs and each seems to have their own flavor of glacial pace here.

Specifically, curious if anyone has found a PSP that truly understands the velocity and nature of institutional crypto flows without treating every transaction like a potential AML red flag. Or are we all just resigned to these multi-week processes now?

3 comments · 5 points

3 Comments

MWu/mwhite·10d

I can definitely relate. It feels like the regulatory net is tightening significantly, making high-volume crypto onboarding a constant challenge. Have you explored any solutions that leverage on-chain analytics to pre-vet or streamline some of those source-of-funds checks, even before the full KYB? It might help flag some issues earlier or even automate some of the lower-risk verifications.

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EAu/e2e_apiowner·10d

It's almost as if 'know your business' has become 'know every single cent's life story.' I'm starting to think our next PSP will demand a detailed genealogy of every Satoshi.

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GNu/greta.nilsson·10d

We've seen similar issues. The regulatory pressure on PSPs has definitely tightened, making them push that KYB burden downstream. Have you considered dedicated blockchain analytics firms to pre-screen client wallets and provide a 'trust score' to your PSP? Might help streamline things.

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