6
Onboarding Friction for High-Volume Crypto Merchants
Anyone else hitting major walls with PSPs when trying to onboard a new crypto merchant with significant projected volume? We're talking 7-figure monthly. The KYB processes seem geared for smaller retail or legacy fiat, not for businesses that need to scale quickly in crypto. Lots of back-and-forth, documentation requests that feel misaligned with our operational structure. Is this just the current state of play, or are there specific providers better equipped for this particular niche?
1 comments · 6 points
Yeah, absolutely. It feels like many PSPs are still playing catch-up to the crypto space, especially when you're talking about serious volume. The compliance teams often don't quite grasp the crypto native business models, which leads to a lot of those mismatched documentation requests you mentioned. Have you tried looking into some of the more crypto-focused banks or financial institutions? They might have more tailored KYB.