PSP & FX Consulting: Building Payment Infrastructure from the Ground Up
Building a successful payment processing or FX operation requires more than just technical integration. It demands strategic planning, compliance readiness, and expert guidance throughout the entire journey.
The Foundation: Business Structuring
Before diving into technical implementation, businesses need to establish the right structure. This includes:
Entity Setup: Choosing the appropriate legal structure for your jurisdictionRegulatory Planning: Understanding licensing requirements and compliance obligationsRisk Assessment: Identifying and addressing potential risk factors earlyBusiness Model Validation: Ensuring your approach aligns with partner expectationsCompliance Readiness: The Critical First Step
Compliance readiness is not optional—it's the foundation of successful onboarding. Key areas include:
Document Preparation
Business registration and licensing documentsFinancial statements and projectionsRisk management policies and proceduresAML/KYC frameworks and implementation plansData protection and privacy policiesRisk Narrative Development
Crafting a compelling risk narrative is essential. This involves:
Clearly explaining your business modelDemonstrating understanding of regulatory requirementsShowing commitment to compliance and risk managementProviding evidence of operational readinessOnboarding Strategy: What Works and What Gets Rejected
Based on our experience, successful onboarding strategies focus on:
Transparency
Be upfront about your business model and risk profileProvide complete and accurate informationAddress potential concerns proactivelyPreparation
Have all documentation ready before approaching partnersUnderstand the partner's requirements and expectationsDemonstrate operational maturityRelationship Building
Establish trust through transparent communicationShow commitment to long-term partnershipBe responsive and professional throughout the processPayment Flow Design
Designing effective payment flows requires understanding:
Transaction Routing: How to route transactions for optimal approval ratesFallback Strategies: What to do when primary channels failRetry Logic: When and how to retry declined transactionsCascading: How to sequence payment methods for best resultsTechnical Integration Support
Technical integration involves:
API integration and testingWebhook implementation and monitoringReconciliation system designError handling and loggingPerformance optimizationAcquirer and Processor Matching
Not all acquirers are created equal. Finding the right match requires:
Understanding your risk profileIdentifying acquirers that accept your business typeEvaluating pricing, terms, and service levelsConsidering geographic coverage and currency supportGo-Live Support
The journey doesn't end at integration. Go-live support includes:
Monitoring initial transactionsTroubleshooting issues as they ariseOptimizing performance based on real-world dataScaling infrastructure as volume growsThe ShrinePay Approach
At ShrinePay, we provide end-to-end PSP and FX consulting services. We help businesses:
Structure their operations for successPrepare for compliance and onboardingDesign effective payment flowsIntegrate with the right partnersNavigate the entire journey from concept to scaleOur expertise comes from decades of experience in payment processing, FX operations, and technical integration. We understand what works, what doesn't, and how to avoid common pitfalls.
Getting Started
If you're building a PSP or FX operation, the best time to engage with expert consultants is early in the process. Proper planning and preparation can save significant time and money while increasing your chances of success.
Contact ShrinePay to discuss how we can help you build your payment infrastructure from the ground up.