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Pay-out

Pay-Out Overview​

The pay-out process allows you to disburse funds to your own payment details or those of your clients, using your crypto or fiat account balance. This streamlined process ensures that payouts are efficiently handled and accurately delivered.

Pay-Out Processing Lifecycle​

For a detailed visual representation of the pay-out lifecycle, refer to the diagram below:

Pay-Out Trading Flow

Pay-out Stages​

The lifecycle of a pay-out transaction typically includes the following stages:

  1. pending

    • The transaction has been created and is awaiting processing by the system.
    • This is the initial stage where your payout request is queued for handling.

  2. active

    • The transaction is actively being processed by our operators.
    • At this stage, the payment is under review or in the process of being sent to the specified payment details.

  3. closed

    • The transaction has been successfully completed.
    • Funds have been transferred to the specified account provided in the pay-out request.

  4. canceled

    • The transaction has been canceled.
    • Reasons for cancellation may include:
      • Errors detected in the provided payment details.
      • The payment details are not capable of receiving funds.

Important Notes​

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Dynamic Status Transitions:
A transaction may move from active back to pending if it needs to be reassigned to another operator for further processing.

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Real-Time Notifications:
Status updates are sent to your webhook URL to ensure you stay informed about your transactions.

By effectively managing the pay-out lifecycle and understanding these statuses, you can optimize your withdrawal process and ensure smooth fund transfers for your business and clients.