Introduction

A payout refers to the distribution of funds to recipients across different geographies and currencies. Tazapay’s payout product supports multiple transfer methods:

• Local Bank Transfers – Send funds directly to a recipient’s local bank account in their native currency, offering faster settlements and lower fees.
• SWIFT Transfers – Leverage the global SWIFT network to transfer funds across banks worldwide in multiple currencies.
• Stablecoin Payouts – Enable fast, cost-efficient payouts using supported stablecoins for global beneficiaries.

With a single API, Tazapay allows businesses to convert and send money in 100+ currencies. Use cases include paying international employees, freelancers, vendors, and partners—making cross-border payouts simple, scalable, and reliable.

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State Machine

Every payout moves through a defined set of states from the moment it is created to the point where it is paid out (or returned). The exact path depends on when the payout is funded and when it is screened. This page walks through the three common flows and explains what each state means.

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Flow 1 — Funds Available Before Creating the Payout

In the simplest flow, the source funds are already available in your balance before you create the payout. The payout is created, screened, and then processed for settlement without waiting for funding.

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Flow 2 — Funding After Creating the Payout

Here the payout is created before the funds are available. The payout waits in a funding state until your balance is funded — automatically via FIFO auto-funding if auto-funding is enabled, or via the Fund API. Once funded, the payout is screened and then processed.

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Flow 3 — Screening Without Funding

In this flow the payout is created and screened first. Only after screening is the source of funds confirmed — by attaching a collect id that identifies where the funds come from, using the Confirm Payout API.

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What Each State Means

The states below describe where an individual payout is in its lifecycle. Not every payout passes through every state — the path taken depends on the flow above.

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See Also