What do Payout statuses mean?

Payout Status Definitions

• Submitted: Payout has been created and received
• Rejected: Payments within Payout have not passed Payee Validations for one or more of the following issues:
• Incorrect Remote ID
• Payee Not Onboarded
• Payee failed compliance/OFAC check
• Invalid Source Amount
• Payee has not accepted invitation to receive payments
• Payee has an invalid Payment Method
• Duplicate Payment ID
• Payment ID must be unique to the system regardless if a payment is successfully or unsuccessfully processed
• Accepted: Payments within Payout have passed Payee Validations
• Quoted: Payout is waiting for sufficient funds to be sent out for payment delivery to Payees. A payout in this status may be refreshed to update rates and may also be deleted
• Withdrawn: Payout that was previously in Quoted status and has been deleted
• Instructed: Payout has passed all system checks and has been sent out for payment delivery
• Complete: Payout has been delivered to appropriate rails
• Incomplete: Not all payments within the Payout have been funded and accepted by railed Unfunded payments can be resubmitted, or re-quoted once funds arrive