How Does Transaction Settlement Work?

Transaction settlement is the process through which the financial obligations associated with a transaction are completed.

Xnvia provides the infrastructure connecting participating Branches, organizations and settlement networks.

How does settlement work?

• A customer initiates a supported transaction through a participating Branch.
• The Branch facilitates the transaction using the available Xnvia services.
• Xnvia provides the infrastructure to coordinate the transaction process.
• The participating network processes the applicable settlement.
• The transaction is completed according to the relevant payment, verification and settlement requirements.

Cross-Border Settlement

For supported cross-border transactions involving cash pickup, the receiver can visit a participating Branch and share its Cashier QR code with the sender.

The sender uses the QR code to deposit crypto. The receiving Branch verifies the transaction and completes the applicable cash payout once all required conditions have been satisfied.

Important

Processing times and settlement procedures depend on the selected service, participating network and applicable transaction requirements.

Never release funds before the required settlement confirmation has been obtained.