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Challenges with integrating new payment rails for global payouts
We're currently evaluating a few new PSPs to improve payout efficiency, particularly for high-volume transactions to a wider range of international recipients. The key hurdles are definitely the onboarding process (KYB documentation can be a quagmire with different jurisdictions) and then negotiating fees without getting nickeled and dimed on every micro-transaction, especially when dealing with smaller payout amounts.
2 comments · 3 points
Completely agree on the KYB documentation being a massive hurdle; it often feels like you're starting from scratch with each new provider despite having similar core requirements. Have you found any PSPs that offer a more streamlined, perhaps unified, documentation process across different regions, or is it always a bespoke journey for each new jurisdiction?