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pspangels.com PSP Angels is an independent payment consultancy firm. We understand the payment market and have a hug... see more
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Thinking your payment and banking setup is fine? Think again.
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f Mar 3, 2025
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f Mar 3, 2025
Payment introducers are hurting the industry!
These "introducers" are not doing you a favor—they’re cashing in on secret commissions while putting your business at risk. The bigger issue is accountability—because there is none. There incentive to match businesses with the right provider: who pay the most.
Your business, your money, and your ability to operate are on the line.
This approach hurts everyone—the Providers, the Business, and the Industry!
Payment and banking must be handled by educated professionals who understand compliance, risk management, and long-term business strategy—not by brokers looking for a quick payday.
Businesses that ignore this reality will learn the hard way. And by then, it will already be too late.
Read my article for more information: https://www.linkedin.com/pulse/hidden-cost-free-merchant-bank-account-openings-why-payment-soltesz-7h4hf Feb 6, 2025
These "introducers" are not doing you a favor—they’re cashing in on secret commissions while putting your business at risk. The bigger issue is accountability—because there is none. There incentive to match businesses with the right provider: who pay the most.
Your business, your money, and your ability to operate are on the line.
This approach hurts everyone—the Providers, the Business, and the Industry!
Payment and banking must be handled by educated professionals who understand compliance, risk management, and long-term business strategy—not by brokers looking for a quick payday.
Businesses that ignore this reality will learn the hard way. And by then, it will already be too late.
Read my article for more information: https://www.linkedin.com/pulse/hidden-cost-free-merchant-bank-account-openings-why-payment-soltesz-7h4hf Feb 6, 2025
The "Big Bad Banks" Myth: Who’s Really to Blame?
We love to blame banks for high fees, but the truth is, compliance isn’t free.
Banks and payment providers charge fees because they’re the ones making sure transactions are legal, fraud is prevented, and taxes are accounted for.
Without them, businesses wouldn’t be better off—they’d just be competing with those who avoid the rules, cheat the system, and undercut honest merchants.
Instead of pointing fingers, businesses need to understand the system, negotiate better deals, and structure their payments properly—because without the right knowledge, they’ll always be the ones getting ripped off.
Read my article for more: https://www.linkedin.com/pulse/big-bad-banks-myth-whos-really-blame-viktoria-soltesz-hamqf
Feb 3, 2025
We love to blame banks for high fees, but the truth is, compliance isn’t free.
Banks and payment providers charge fees because they’re the ones making sure transactions are legal, fraud is prevented, and taxes are accounted for.
Without them, businesses wouldn’t be better off—they’d just be competing with those who avoid the rules, cheat the system, and undercut honest merchants.
Instead of pointing fingers, businesses need to understand the system, negotiate better deals, and structure their payments properly—because without the right knowledge, they’ll always be the ones getting ripped off.
Read my article for more: https://www.linkedin.com/pulse/big-bad-banks-myth-whos-really-blame-viktoria-soltesz-hamqf
Feb 3, 2025
When people talk about running a business, they focus on sales, marketing, and product development. But payments and banking? That’s usually ignored—until something goes wrong.
I recently spoke with Mirror Review about why payment and banking should be a core part of business strategy, not just a side concern.
In the interview, I break down why so many businesses struggle with banking and payment setups and how these issues can spiral out of control if not handled properly.
One of the biggest mistakes companies make is trusting a “free” payment advisor or broker, not realizing they’re actually paying for it in ways they don’t see. These so-called advisors work on commission, meaning they push businesses toward providers that pay them the most, not the ones that actually fit your business model. The result? Higher fees, frozen funds, compliance headaches, and providers that don’t support your growth.
Another overlooked issue is that the ones handling payments and banking tasks are not adequately trained to do so. Most businesses assume their finance teams can manage it, but payments require a completely different skill set (UX, data security and technology to mention a few). This lack of expertise leads to operational risks, hidden costs, and failed banking relationships.
Businesses can’t afford to treat payments as an afterthought. They need a structured, scalable, and risk-free banking and payment strategy that works for them—not for the intermediaries profiting off their setup.
If you're a business owner, CFO, or anyone dealing with payments, this interview is essential reading.
Read the article: https://www.mirrorreview.com/viktoria-soltesz/?fbclid=IwY2xjawIIHqxleHRuA2FlbQIxMQABHW8gdS1f7QapSkeBaonGR9GCHgvSCwiHg57YFpq1XKwcbt6Kyqv1knwk1g_aem_x66dEqZW7Nm01kR7j0gCyw Jan 30, 2025
I recently spoke with Mirror Review about why payment and banking should be a core part of business strategy, not just a side concern.
In the interview, I break down why so many businesses struggle with banking and payment setups and how these issues can spiral out of control if not handled properly.
One of the biggest mistakes companies make is trusting a “free” payment advisor or broker, not realizing they’re actually paying for it in ways they don’t see. These so-called advisors work on commission, meaning they push businesses toward providers that pay them the most, not the ones that actually fit your business model. The result? Higher fees, frozen funds, compliance headaches, and providers that don’t support your growth.
Another overlooked issue is that the ones handling payments and banking tasks are not adequately trained to do so. Most businesses assume their finance teams can manage it, but payments require a completely different skill set (UX, data security and technology to mention a few). This lack of expertise leads to operational risks, hidden costs, and failed banking relationships.
Businesses can’t afford to treat payments as an afterthought. They need a structured, scalable, and risk-free banking and payment strategy that works for them—not for the intermediaries profiting off their setup.
If you're a business owner, CFO, or anyone dealing with payments, this interview is essential reading.
Read the article: https://www.mirrorreview.com/viktoria-soltesz/?fbclid=IwY2xjawIIHqxleHRuA2FlbQIxMQABHW8gdS1f7QapSkeBaonGR9GCHgvSCwiHg57YFpq1XKwcbt6Kyqv1knwk1g_aem_x66dEqZW7Nm01kR7j0gCyw Jan 30, 2025
Upvoted by Claudia Gabriela
If you don’t plan banking and payments first, your business might never even start.
Banks often reject applications based on gut feeling, without explanation. Even if your business is 100% legal, if a compliance officer doesn’t understand it instantly, you’re out—no second chances.
But if banks can block you from operating before you even start, how can you risk investing money, time, and energy into building your product? No account means no transactions, no revenue, no business—and by the time you realize it, it’s too late.
Running in circles, blindly trying to please banks, is not the answer. You need to understand "how banks think" to be able to save time, cost and energy on the application process.
Read my article to see what can you do.
Watch the full episode Disparities in Financial Approval Processes - Webinar with Gregory Brenig by the Soltesz Institute here https://solteszinstitute.com/course/disparities-in-financial-approval-processes Jan 17, 2025
Banks often reject applications based on gut feeling, without explanation. Even if your business is 100% legal, if a compliance officer doesn’t understand it instantly, you’re out—no second chances.
But if banks can block you from operating before you even start, how can you risk investing money, time, and energy into building your product? No account means no transactions, no revenue, no business—and by the time you realize it, it’s too late.
Running in circles, blindly trying to please banks, is not the answer. You need to understand "how banks think" to be able to save time, cost and energy on the application process.
Read my article to see what can you do.
Watch the full episode Disparities in Financial Approval Processes - Webinar with Gregory Brenig by the Soltesz Institute here https://solteszinstitute.com/course/disparities-in-financial-approval-processes Jan 17, 2025
Upvoted by Angel and 1 other
Before you send your money to any online platform—casino, investment firm, or crypto exchange—ask yourself: is your money really safe?
Questionable payment methods, shady providers, and unclear withdrawal terms could mean your funds are at risk of disappearing.
If the platform’s financial partners are based in weak jurisdictions or avoid proper regulations, that’s your red flag.
Don’t ignore the signs.
A few moments of research could save you from losing everything. Read my article for more information.
https://www.linkedin.com/pulse/think-before-you-spend-how-spot-unreliable-fund-them-soltesz-cab3f
Jan 15, 2025
Questionable payment methods, shady providers, and unclear withdrawal terms could mean your funds are at risk of disappearing.
If the platform’s financial partners are based in weak jurisdictions or avoid proper regulations, that’s your red flag.
Don’t ignore the signs.
A few moments of research could save you from losing everything. Read my article for more information.
https://www.linkedin.com/pulse/think-before-you-spend-how-spot-unreliable-fund-them-soltesz-cab3f
Jan 15, 2025
Upvoted by Angel and 1 other
It’s time to change how we think about payment and banking.
Payment and banking isn’t just a side function of finance anymore—it’s critical to your entire business strategy. Poor planning leads to frozen accounts, compliance fines, lost customers, and even total failure.
However, the real problem lies in industry habits—most companies rely on so-called ‘payment experts’ or "strategists" who are just salespeople working for commission, pushing solutions that benefit them, not you.
The stakes are too high for shortcuts or bad advice. Rethink payment and banking. Appreciate independence.
Read my article for more information.
https://www.linkedin.com/pulse/its-time-change-how-we-think-payment-banking-viktoria-soltesz-opj0f Jan 11, 2025
Payment and banking isn’t just a side function of finance anymore—it’s critical to your entire business strategy. Poor planning leads to frozen accounts, compliance fines, lost customers, and even total failure.
However, the real problem lies in industry habits—most companies rely on so-called ‘payment experts’ or "strategists" who are just salespeople working for commission, pushing solutions that benefit them, not you.
The stakes are too high for shortcuts or bad advice. Rethink payment and banking. Appreciate independence.
Read my article for more information.
https://www.linkedin.com/pulse/its-time-change-how-we-think-payment-banking-viktoria-soltesz-opj0f Jan 11, 2025
Upvoted by Luiza
Strategic Payment Planning: The Multi-PSP Advantage
Imagine launching your biggest product and losing everything because your payments fail.
That’s exactly what can happen when you rely on one payment provider.
Outages, compliance checks, or even small mistakes can bring your entire operation to a standstill, costing you customers and revenue.
Payment Orchestration can help, but it has serious limitations, too.
Don’t wait for disaster to strike—learn how a proper payment and banking strategy can save your business.
Read my article for more information here: https://www.linkedin.com/pulse/strategic-payment-planning-multi-psp-advantage-viktoria-soltesz-op9uf/ Dec 30, 2024
Imagine launching your biggest product and losing everything because your payments fail.
That’s exactly what can happen when you rely on one payment provider.
Outages, compliance checks, or even small mistakes can bring your entire operation to a standstill, costing you customers and revenue.
Payment Orchestration can help, but it has serious limitations, too.
Don’t wait for disaster to strike—learn how a proper payment and banking strategy can save your business.
Read my article for more information here: https://www.linkedin.com/pulse/strategic-payment-planning-multi-psp-advantage-viktoria-soltesz-op9uf/ Dec 30, 2024
Beyond Tax: The True Cost of Offshore Strategies
Tax-saving setups combining Cyprus with offshore elements might seem smart—until your accounts get frozen or payments blocked.
Banks flag nominee directors and offshore companies as high-risk, leading to rejected transactions and operational paralysis.
Even “high-risk-friendly” providers come with steep fees and unstable services. Without the right payment and banking strategy, even the best tax plans can destroy your business.
Read my article for more information: https://www.cypruslimited.com/blog/business/beyond-tax-the-true-cost-of-offshore-strategies Dec 19, 2024
Tax-saving setups combining Cyprus with offshore elements might seem smart—until your accounts get frozen or payments blocked.
Banks flag nominee directors and offshore companies as high-risk, leading to rejected transactions and operational paralysis.
Even “high-risk-friendly” providers come with steep fees and unstable services. Without the right payment and banking strategy, even the best tax plans can destroy your business.
Read my article for more information: https://www.cypruslimited.com/blog/business/beyond-tax-the-true-cost-of-offshore-strategies Dec 19, 2024
How Shopper Expectations Are Redefining Business Success
Businesses think having good products at fair prices is enough—but modern shoppers expect much more!
Slow checkouts, outdated payment methods, or limited options cause instant customer loss, damaging both revenue and brand loyalty. If your payment process doesn’t meet their expectations, they’ll leave—no second chances!
Payment is not the FINAL step—it is the FIRST!
It impacts UX, risk management, technology, product development, data security, compliance, finance, and more.
But how to keep up with modern shoppers who demand speed, security, and flexibility?
Read my article for the details: https://www.linkedin.com/pulse/how-shopper-expectations-redefining-business-success-viktoria-soltesz-3qj6e/ Dec 17, 2024
Businesses think having good products at fair prices is enough—but modern shoppers expect much more!
Slow checkouts, outdated payment methods, or limited options cause instant customer loss, damaging both revenue and brand loyalty. If your payment process doesn’t meet their expectations, they’ll leave—no second chances!
Payment is not the FINAL step—it is the FIRST!
It impacts UX, risk management, technology, product development, data security, compliance, finance, and more.
But how to keep up with modern shoppers who demand speed, security, and flexibility?
Read my article for the details: https://www.linkedin.com/pulse/how-shopper-expectations-redefining-business-success-viktoria-soltesz-3qj6e/ Dec 17, 2024
Why Payment and Banking Can No Longer Be Ignored – The Hidden Business Risk No One Talks About
Most businesses still think payment and banking are just routine tasks managed by their finance or tech teams.
This outdated belief can cause massive financial losses, failed transactions, frozen accounts, and skyrocketing fees—problems that can cripple a company in no time.
I believe that Payment and banking today impact customer experience, risk management, technology, product development, data security, compliance, finance, and more. I argue that it should be considered a standalone function—an essential element of the business strategy, not just a part of finance.
I also think accountants are not adequately trained to manage payment and banking tasks. Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
I want a paradigm change and see companies building strategies and scalable systems around payment and banking.
Business should have a holistic approach to their payment and banking setups.
Ignoring them as critical business functions is not just risky—it’s a guaranteed path to operational chaos.
Read my article for more information.
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise Dec 16, 2024
Most businesses still think payment and banking are just routine tasks managed by their finance or tech teams.
This outdated belief can cause massive financial losses, failed transactions, frozen accounts, and skyrocketing fees—problems that can cripple a company in no time.
I believe that Payment and banking today impact customer experience, risk management, technology, product development, data security, compliance, finance, and more. I argue that it should be considered a standalone function—an essential element of the business strategy, not just a part of finance.
I also think accountants are not adequately trained to manage payment and banking tasks. Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
I want a paradigm change and see companies building strategies and scalable systems around payment and banking.
Business should have a holistic approach to their payment and banking setups.
Ignoring them as critical business functions is not just risky—it’s a guaranteed path to operational chaos.
Read my article for more information.
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise Dec 16, 2024
Upvoted by Ariel
Payment Data: The Overlooked Asset
When revenue takes a hit, many businesses rush to adjust ads or offer bigger discounts, hoping to bring back customers.
But these tactics often fail because they miss the real issue, which lies in their overlooked reports—their payment data.
Payment data reveals unique information about customers: how they like to pay, how often they return, and how much they spend.
Ignoring payment data means missing critical insights that could boost sales, improve customer experience, and prevent revenue loss.
Read my article for more information: https://www.linkedin.com/pulse/payment-data-overlooked-asset-viktoria-soltesz-qfojf Dec 15, 2024
When revenue takes a hit, many businesses rush to adjust ads or offer bigger discounts, hoping to bring back customers.
But these tactics often fail because they miss the real issue, which lies in their overlooked reports—their payment data.
Payment data reveals unique information about customers: how they like to pay, how often they return, and how much they spend.
Ignoring payment data means missing critical insights that could boost sales, improve customer experience, and prevent revenue loss.
Read my article for more information: https://www.linkedin.com/pulse/payment-data-overlooked-asset-viktoria-soltesz-qfojf Dec 15, 2024
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