Understanding the workflow of offramp
Payments go through a series of statuses throughout the workflow.
| Status | Status Type | Description |
|---|---|---|
| initiated | Intermediate | A order has been created on TransFi end, and waiting for the user to transfer the stablecoin. |
| asset_settled | Intermediate | TransFi has received the crypto from user's wallet address |
| fund_processing | Intermediate | We are waiting for confirmation of receipt of transfer of funds from the bank or local partner. |
| fund_settled | Terminal | We have received the confirmation that funds have been successfully transferred |
| fund_failed | Terminal | The payout has failed. |
Updated 3 months ago