Onboarding Friction for High-Volume Crypto Transfers with New PSPs
We've been looking into onboarding a new PSP specifically for larger volume $BTC and $ETH transfers, aiming to diversify our payout routes and perhaps improve on current spreads. The standard KYB process, while expected, seems to be a significant bottleneck once you start discussing transfer limits exceeding seven figures daily. I'm finding a recurring theme where the initial promises regarding dedicated support for expedited verification don't always materialize, leading to weeks of back-and-forth on documentation that was supposedly already submitted. Has anyone found a particular strategy or type of PSP that genuinely streamlines high-volume onboarding without getting bogged down in endless reiteration of compliance requests? It's less about the regulatory necessity and more about the operational efficiency of the process itself, which feels unnecessarily clunky.
It's always the same story with PSPs; they talk a big game until you bring up actual volume. Most of them aren't built to handle seven figures daily, or they just don't want the regulatory headache. Have you looked into the institutional-focused custodians? They might have more robust KYB and higher limits.