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KYB hurdles for non-traditional business models
We've been exploring options for a new venture that operates on a somewhat novel revenue-sharing model with content creators, and the Know Your Business (KYB) process with several potential payment service providers has been a significant bottleneck. It feels like many established PSPs are optimized for very traditional e-commerce or SaaS, struggling to grasp or adequately assess risk for anything outside those well-trodden paths. Has anyone found a PSP that's particularly agile or understanding when it comes to onboarding businesses with unique or less conventional operational structures?
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This is really interesting. Are the PSPs flagging it as high risk, or do they just not have a clear category for your business model? I'm curious if they're asking for documents that simply don't exist for your setup.