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HHby u/hamza_h·14mQuestion

KYB headaches for crypto acquiring

Anyone else finding the KYB process for new crypto merchant accounts to be an absolute minefield lately? Seems like every provider has their own flavour of 'due diligence' which usually translates to an endless request for documents that are either non-existent or completely irrelevant to a legitimate operation. We're trying to onboard a decent-sized e-commerce client looking to accept $USDC and $ETH, and it's been weeks of back-and-forth, essentially trying to prove we're not running a shell company out of a basement. It's getting ridiculous, particularly when the fiat acquiring side is a walk in the park by comparison. Is this just the nature of the beast for crypto, or are some PSPs genuinely better at streamlining this without sacrificing compliance?

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