Understanding the workflow of offramp

Payments go through a series of statuses throughout the workflow.

StatusStatus TypeDescription
initiatedIntermediateA order has been created on TransFi end, and waiting for the user to transfer the stablecoin.
asset_settledIntermediateTransFi has received the crypto from user's wallet address
fund_processingIntermediateWe are waiting for confirmation of receipt of transfer of funds from the bank or local partner.
fund_settledTerminalWe have received the confirmation that funds have been successfully transferred
fund_failedTerminalThe payout has failed.