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I would say that when it comes to payment solutions, 85% is about dealing with regulations and laws in your country/local area. The tech part is 15%. Stripe is easy to use but I am sure they spent tons of time/money dealing with red tape and regulations and rightly so.

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I studied the system and I can see more or less how to deal with the red-tape.

I'm wondering beyond integrating the payment APIs on the backend and managing tokens, how much hidden work is there?

There's probably a lot of work to do around security, reliability, availability, consistency, and auditability. When you're handling money for other people, you're a major hacking target, and the standards for reliability are much higher than your typical SaaS. You need to make sure that every transaction happens exactly as requested and that you can recreate exactly what happened when in case of questions and concerns.

This sounds right and the way these regulations are set is bullshit.

Sure, there should be regulations but it shouldn't lead to large fees and make it difficult to pay or receive payments online.

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