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Onboarding Friction with Smaller Acquiring Banks
Anyone else finding that the KYC/KYB process with some of the smaller or more specialized acquiring banks has become significantly more protracted recently, especially when dealing with slightly less common merchant categories?
1 comments · -1 points
I've definitely noticed this. It feels like the increased regulatory scrutiny, while understandable, is disproportionately impacting smaller players who might not have the same dedicated resources for complex KYC/KYB cases, leading to longer queues and more back-and-forth.