> ## Documentation Index
> Fetch the complete documentation index at: https://docs.rampnow.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Settlement Methods

> Overview of fiat payout rails and settlement behavior for Offramp transactions.

Rampnow supports a wide range of settlement rails that allow users to receive fiat after selling digital assets.\
Each payout method has different speeds, supported currencies and regional requirements.

This page explains how settlement works, what payout rails are available and what partners need to consider when integrating the Offramp.

<Info>
  Settlement consists of two parts:

  1. **Asset settlement** — receiving and confirming the user's crypto transfer
  2. **Fiat settlement** — sending fiat to the user's chosen payout method\
     Both parts are fully orchestrated by Rampnow’s infrastructure.
</Info>

# How Settlement Works

<Steps>
  <Step title="1. Crypto Received & Confirmed" icon="wallet">
    When a user sends digital assets:

    * Rampnow detects the on-chain transfer
    * Confirms the required number of network confirmations
    * Locks the quote (payout is now guaranteed)
    * Updates the order status to `received`

    <Note>Confirmations depend on network conditions and chain security parameters.</Note>
  </Step>

  <Step title="2. Conversion to Fiat" icon="arrows-rotate">
    Once assets are received, Rampnow converts the tokens into the payout fiat currency using connected liquidity.

    **What happens here:**

    * Token → Fiat conversion
    * FX rate applied
    * Payout fee calculated
    * Optimal payout rail selected

    <Info>This conversion process is nearly instant for supported chains and tokens.</Info>
  </Step>

  <Step title="3. Fiat Payout Execution" icon="building-columns">
    Rampnow initiates a payout using the selected rail (SEPA, Faster Payments, local rails, or instant payout methods).\
    The payout reference or order ID is generated at this stage if supported by the rail.

    **Status transitions:**

    * `processing` → payout prepared
    * `initiated` → payout submitted
    * `processed` → funds dispatched
    * `completed` → final confirmation
  </Step>
</Steps>

# Supported Payout Methods

## 📌 Bank Transfers (Global)

These payout rails provide the widest fiat coverage.

| Rail                      | Region  | Currencies     | Speed           | Notes                            |
| ------------------------- | ------- | -------------- | --------------- | -------------------------------- |
| **SEPA Credit Transfer**  | EU      | EUR            | Same day or T+1 | Widely used across Europe        |
| **Faster Payments (FPS)** | UK      | GBP            | Instant–2h      | Highly reliable for UK users     |
| **Local Bank Rails**      | Various | Local currency | Same day–T+2    | Country-specific payout networks |

## ⚡ Instant or Local Payment Systems

These methods are region-specific and typically faster than bank rails.

| Method         | Region | Currency | Speed   | Notes                       |
| -------------- | ------ | -------- | ------- | --------------------------- |
| **UPI / IMPS** | India  | INR      | Instant | Real-time consumer payouts  |
| **PIX**        | Brazil | BRL      | Instant | Market-standard payout rail |

<Info>
  Support for local payout systems varies by user geography, regulatory requirements and partner configuration.
</Info>

## 💳 Card Payouts *(Roadmap)*

| Method              | Currency       | Speed          | Status      |
| ------------------- | -------------- | -------------- | ----------- |
| **Visa Direct**     | Multi-currency | Instant–30 min | Coming soon |
| **Mastercard Send** | Multi-currency | Instant        | Coming soon |

<Card icon="clock" title="Coming Soon">
  Rampnow is adding global card payout support for instant, card-to-bank withdrawals.
</Card>

# Settlement Times Overview

<div style={{display: 'grid', gridTemplateColumns: '1fr 1fr', gap: '1rem'}}>
  <Card title="Instant" icon="bolt">
    SEPA Instant ·  UPI · PIX
  </Card>

  <Card title="Same Day" icon="clock">
    Faster Payments (UK) · Some local rails
  </Card>

  <Card title="T+1 / T+2" icon="calendar">
    Normal SEPA · Bank transfers in selected countries
  </Card>
</div>

<Note>
  Settlement timing may vary based on banking cut-off times, weekends, holidays and user region.
</Note>

# Webhook Events for Settlement

Rampnow sends webhook updates for every stage of offramp settlement:

```json theme={null}
{
  "orderUid": "asdasnd-askdjnasjkdn-aksdnaksdn",
  "externalOrderUid": "vsdasnd-askdjnasjkdn-aksdnaksdn",
  "createTime": "2024-10-01T11:59:45",
  "updateTime": "2024-10-01T12:00:00Z",
  "partnerGeneratedUid": "jkansdasd-asdjknasdkasd-aksdnasjdk",
  "orderType": "sell",
  "orderStatus": "processing | completed | failed",
  "paymentStatus": "settled",
  "paymentMode": "bank-transfer",
  "srcCurrency": "ETH",
  "srcChain": "ethereum",
  "srcAmount": 0.3,
  "dstCurrency": "EUR",
  "dstChain": "fiat",
  "dstAmount": 100,
  "walletAddress": "0xINF98983WKJENRIKjjDEER989",
  "walletAddressTag": "",
  "transactionHash": ["OxtransactionHash"]
}
```