Transactions
Understand the lifecycle and states of transactions in the SimulatePay network.
Transaction Types
Collection
Incoming funds from a customer. Usually initiated via the Checkout API.
Payout
Outgoing funds to a bank account or wallet. Usually via ACH or RTP rails.
Lifecycle States
PENDING
Transaction has been initialized but not processed.
SUCCESS
Funds have been cleared and balance updated.
FAILED
Transaction dropped due to insufficient funds or network error.