The Dots solutions simplify the process of making payouts. To understand Dots workflows, it’s crucial to grasp some key concepts:
Users represent individuals or businesses onboarded onto Dots, either through your application or another platform.
Applications, also called Apps, are logically separated instances of the Dots platform and are your main interface with the Dots API. You can create as many Apps as necessary to manage different user groups and logically separate instances of the Dots platform.
Apps are useful for multi-tenancy scenarios where you want to separate funds and users on your platform.
Transactions are the individual records on the Dots ledger, representing money movements between wallets.
Transfers represent the actual movement of money on the Dots platform.
The following diagram illustrates all possible statuses a transfer can have throughout its lifecycle. The transfer will always have the Created
status after its creation.
The following table presents the description for all possible statuses.
Status | Description |
---|---|
Created | The payout transfer has been created but has not yet been processed. |
Flagged | The payout transfer has been flagged for review due to potential issues or discrepancies. |
Pending | The payout transfer is currently being processed and is waiting for completion. |
Completed | The payout transfer has been successfully processed and completed. |
Failed | The payout transfer has failed to process due to an error or issue. |
Reversed | The payout transfer has been manually reversed. This action undoes the payout, typically for correction. |
Canceled | The payout transfer has been manually canceled. This action stops the payout, typically for prevention. |
A payout is a transfer of funds from your account to a user’s external account.
Payout Links is one of the Dots solutions, which provides a straightforward way to send money without requiring you to create a user or a transfer.
Flows are customizable UI components provided by Dots to guide users through the onboarding process.
The Dots solutions simplify the process of making payouts. To understand Dots workflows, it’s crucial to grasp some key concepts:
Users represent individuals or businesses onboarded onto Dots, either through your application or another platform.
Applications, also called Apps, are logically separated instances of the Dots platform and are your main interface with the Dots API. You can create as many Apps as necessary to manage different user groups and logically separate instances of the Dots platform.
Apps are useful for multi-tenancy scenarios where you want to separate funds and users on your platform.
Transactions are the individual records on the Dots ledger, representing money movements between wallets.
Transfers represent the actual movement of money on the Dots platform.
The following diagram illustrates all possible statuses a transfer can have throughout its lifecycle. The transfer will always have the Created
status after its creation.
The following table presents the description for all possible statuses.
Status | Description |
---|---|
Created | The payout transfer has been created but has not yet been processed. |
Flagged | The payout transfer has been flagged for review due to potential issues or discrepancies. |
Pending | The payout transfer is currently being processed and is waiting for completion. |
Completed | The payout transfer has been successfully processed and completed. |
Failed | The payout transfer has failed to process due to an error or issue. |
Reversed | The payout transfer has been manually reversed. This action undoes the payout, typically for correction. |
Canceled | The payout transfer has been manually canceled. This action stops the payout, typically for prevention. |
A payout is a transfer of funds from your account to a user’s external account.
Payout Links is one of the Dots solutions, which provides a straightforward way to send money without requiring you to create a user or a transfer.
Flows are customizable UI components provided by Dots to guide users through the onboarding process.