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Offramp

Offramp transactions represent the movement of value **from your Conduit stablecoin balance **to a traditional bank account (fiat). Type: offramp

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How offramps work

At a high level, the flow is:
  1. Funds are sourced from your Conduit balance (in stablecoin).
  2. Conduit performs the conversion from stablecoin to fiat using a locked exchange rate (Quote).
  3. Conduit deposits the converted fiat into the selected destination Bank Account.
    Compliance documentation may be required depending on the transaction.

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Key fields

  • Source: wallet ID (wlt_...) or bank account ID (bank_...) — the origin of the funds for compliance purposes.
  • Destination: bank account ID (bank_...) — the ultimate recipient bank account where the fiat will be deposited.
  • Quote: valid quote ID to lock the conversion rate for the stablecoin → fiat pair.
  • Purpose: transaction purpose code (recommended).
  • Documents: supporting documentation for compliance or justification (if required).
  • Reference (optional): your internal tracking reference.

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Transaction status flow

Your transaction progresses through these stages:
  • Initializing: transaction is being created and validated.
  • Created: transaction is accepted and ready for settlement.
  • Processing settlement: Conduit is converting funds and sending fiat to your bank account.
  • Completed: funds have been delivered to your bank account.

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Understanding true sender and true recipient

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Why this matters

Compliance requires visibility into the actual parties involved in each transaction, not just intermediaries. Misidentification can result in:
  • Payment delays or rejections
  • Compliance review failures
  • Risk of limited access or account offboarding

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True sender definition

The true sender is the business that provides the funds for a transaction. If you’re acting on behalf of a customer:
  • The customer is the true sender — not your business, even if funds move through your accounts
  • Example: Acme Corp pays a vendor via your platform → Acme Corp is the true sender
If the funds come from your own business account:
  • Your company is the true sender
  • Example: You pay a vendor directly → Your company is the true sender

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True recipient definition

The true recipient is the person or business that ultimately receives and benefits from the funds. If you’re paying on behalf of a customer:
  • The final beneficiary is the true recipient — not your business
  • Example: Acme Corp pays a contractor via your platform → The contractor is the true recipient
If the payment is for your own operations:
  • The vendor or account receiving funds is the true recipient
  • Example: You pay your supplier → The supplier is the true recipient
These may not always appear as explicit API fields but remain critical for compliance.

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Best practices

  • Ensure the destination bank account is verified before initiating the transaction.
  • Use a valid Quote and complete the transaction before it expires.
  • Retain settlement confirmations and any supporting documentation for compliance.
  • Monitor transaction status through the API or Webhooks.

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What’s next?

Now that you know what an offramp is and how it works, learn how to create one by following the Creating an Offramp Transaction guide. For full request details, see the API Reference.

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Support

Reach out to our support team to get help and share your feedback.