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Onboarding for a new PSP and the KYB headache for crypto payments
Anyone else finding the KYB process for onboarding new PSPs, particularly those supporting crypto payouts, getting exponentially more complex? We're seeing real delays and increased documentation requests, even for established entities with clear compliance records. The friction is becoming a genuine operational bottleneck, especially when trying to diversify payment rails quickly. How are you navigating this?
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Definitely noticing the same trend. It feels like every new PSP has its own unique set of hoops to jump through, and when crypto's involved, that just amplifies it. Are you finding the requests are more about the crypto specifics, or just a general increase in due diligence across the board?