Understanding the workflow of payout transfer.

Payments go through a series of statuses throughout the workflow.

  1. Fiat-Payout statuses:

    StatusStatus TypeDescription
    initiatedIntermediateA order has been created on TransFi end
    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 and any prefunding deducted will be moved back to the balance.
  2. Crypto-payout statuses:

    StatusDescription
    initiatedA order has been created on TransFi end and has initiated the crypto to the user's wallet address
    asset_depositedUser has received the crypto and the blockchain transaction hash is generate