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Why Payments Keep Holding Your Business Back (and How to Fix It)

Why Payments Keep Holding Your Business Back (and How to Fix It)

15/07/25, 07:00

Payments shouldn’t hold your business back. From high fees and slow onboarding to rejected applications and limited scalability, many businesses especially in high-risk industries, struggle with payment friction. This guide breaks down the most common challenges and shows how the right partners and strategy can turn payments into a growth driver.

A Practical Guide for Businesses Facing Friction in Global Payments

If you’ve ever waited days for a payment to settle, faced surprise fees, or struggled to onboard with a new provider, you’re not alone.

For growing businesses, especially in high-risk industries like crypto, iGaming, or forex, payments are often more of a roadblock than a growth lever.

At ConsultiPay, we speak with businesses every day who are navigating the same issues. In this article, we’re breaking down the most common pain points in global payments and more importantly, how to overcome them with the right partners and strategy.


1. “We keep getting rejected by providers.”

High-risk does not mean high-fraud. But many providers still treat crypto, gaming, or forex companies with broad, outdated risk models that lead to declined applications, frozen funds, or limited services.

What to do:
Look for partners who understand industry nuance. At ConsultiPay, we help match businesses with payment providers who have actual experience with your sector and the appetite to support it.


2. “Our fees are eating into profits.”

Hidden MDRs, cross-border charges, and unexpected compliance costs can drain profitability. Many businesses don’t have visibility into what they’re really paying.

What to do:
Educate yourself on pricing structures and don’t be afraid to ask for transparency. A trusted consultancy can benchmark your current setup and connect you with cost-efficient alternatives that fit your specific volume, region, and risk level.


3. “Onboarding takes forever.”

Lengthy KYC, multiple document requests, and endless back-and-forth can make getting started with a provider a major bottleneck.

What to do:
Choose providers with pre-vetted onboarding processes or work with a consultancy that can streamline documentation, flag issues ahead of time, and advocate on your behalf to get you approved faster.


4. “We’re growing, but our payment setup isn’t.”

Many businesses outgrow their current setup and begin hitting limits on monthly volume, struggling with new regional regulations, or lacking support for emerging payment methods.

What to do:
It’s time to future-proof your payment infrastructure. That means building scalable provider relationships, enabling flexible local and cross-border rails, and incorporating alternative payment methods such as wallets, vouchers, or crypto.


5. “We don’t know who to trust.”

Between aggressive sales tactics, unclear compliance obligations, and offers that sound too good to be true, choosing a payment partner can feel risky.

What to do:
Don’t go it alone. A payment consultancy like us exists specifically to bridge that trust gap by offering unbiased advice, due diligence, and access to a global network of vetted providers.


Final Thoughts

Payments shouldn’t be your biggest headache. They should be a foundation for growth.

At ConsultiPay, we help businesses move faster, pay smarter, and grow globally by finding the right payment partners for their unique needs.

Let’s talk. Whether you're just starting out or scaling to new markets, we’re here to help you build a payment strategy that works.

👉 Contact us to get started

#DigitalPayments #FintechInnovation #PaymentSolutions #FinancialInclusion #FutureOfFinance

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