Understanding the workflow of fiat payouts

Fiat Payouts go through a series of statuses in the payout workflow.

StatusDescription
initiatedA order has been created on TransFi end
fund_processingWe are waiting for confirmation of receipt of transfer of funds from the bank or local partner.
fund_settledWe have received the confirmation that funds have been successfully transferred
fund_failedThe payout has failed and any prefunding deducted will be moved back to the balance.