Transfer

The Transfer section includes two key components: Payout and Payout History. Together, these components help you manage and monitor your payouts, ensuring that you have full control over your account.

Payout

The Payout feature allows you to initiate withdrawals from your AkashicPay account to external addresses. If you're planning to make a withdrawal, navigate to the Payout page and follow these steps:

Withdrawal Process

1. Select Cryptocurrency: Begin by choosing the cryptocurrency you wish to withdraw from the available options.
2. Enter Recipient's Address: Carefully input the recipient's account address where you want to send the funds. Double-check the address to avoid any errors.
3. Specify the Amount: Enter the amount you want to withdraw.
4. View Actual Amount: After entering the amount, the system will automatically calculate and display the actual amount that will be transferred after deducting any applicable fees.

Important: Always verify the recipient's address carefully before initiating a payout. Blockchain transactions cannot be reversed once confirmed.

Confirmation Process

After clicking "Payout," the process continues with these verification steps:

1. AkashicLink Signature Request: You'll be directed to a Payout Confirmation signature request on your AkashicLink.
2. Review Transaction Details: This is your opportunity to review all details of your withdrawal before finalising it. Carefully check:
   • Recipient's address
   • Selected cryptocurrency
   • Withdrawal amount
3. Confirm Transaction: If everything looks correct, click "Confirm" to proceed with the withdrawal.
4. Confirmation Modal: After completing the signature process in the AkashicLink pop-up window, you will receive a confirmation modal indicating that your request has been successfully submitted.

This multi-step confirmation process adds an extra layer of security, helping prevent errors and ensuring that your funds are sent exactly where and how you intend.

Fee Considerations

When making a payout, keep in mind:

• The displayed "Actual Amount" already accounts for transaction fees
• Different networks (Ethereum, Tron, BNB Smart Chain (BSC) and Solana) have different fee structures
• Layer-1 withdrawals may incur higher fees than Layer-2 transactions
• Gas fees may vary based on network conditions

Payout Approval

The Payout Approval feature requires enabling the Multisig feature and generating your Treasury KeyPair. For more details, please refer here.

Transactions initiated manually or via API/SDK using the API/SDK KeyPair must be approved or denied with the Treasury KeyPair. To access this page, users must log into AkashicPay using the Treasury KeyPair on AkashicLink.

warning

Note: Only the Treasury KeyPair can view and have access to the Payout Approval page.

Approve/Deny Process

After clicking Approve/Deny, the process continues with these verification steps:

1. AkashicLink Signature Request: You'll be directed to a Payout Confirmation signature request on your AkashicLink.
2. Review Transaction Details: This is your opportunity to review all details of your withdrawal before finalising it. Carefully check:
   • Recipient's address
   • Selected cryptocurrency
   • Withdrawal amount
   • Fee
   • Total amount
3. Confirm Transaction: If everything looks correct, click "Confirm" to proceed with the withdrawal.
4. Confirmation Modal: After completing the signature process in the AkashicLink pop-up window, you will receive a confirmation modal indicating that your request has been successfully submitted.

This multi-step confirmation process adds an extra layer of security, helping prevent errors and ensuring that your funds are sent exactly where and how you intend.

Approval History

The Approval History page provides a detailed record of all payout approvals that the user has either approved or denied. This allows you to easily track decision histories, monitor approval activity, and maintain a clear audit trail for payout management.

Payout History

The Payout History section provides a complete record of all your withdrawal transactions. This feature allows you to:

• Track the status of your recent payouts (Pending, Completed, or Failed)
• View detailed information about each withdrawal
• Monitor the progress of pending transactions
• Verify completed transactions
• Investigate any failed withdrawal attempts

Each entry in the Payout History includes essential information such as:

Field	Description
Status	Current state of the transaction (Pending, Completed, Failed)
Network	The blockchain network used for the transaction
Currency	The type of cryptocurrency withdrawn
Payout Type	There are for 4 Payout Types: - SDK - Manual: Payout made through AkashicLink - Primary: Payout made through Owner KeyPair - Secondary: Payout made through API/SDK KeyPair
From Address	L1 address
To Address	L1 address
Tx Hash (L1)	Transaction hash
Tx Hash (L2)	Transaction hash
Amount	The quantity of cryptocurrency sent
Fee	Fee for transaction
Created Time	This is the time that AkashicChain recieves the transaction
Confirm Time	This is time that AkashicChain finalises the transactions

This comprehensive transaction history helps you maintain accurate records of all your withdrawals for accounting and reconciliation purposes.

Best Practices for Transfers

To optimize your experience with the AkashicPay Transfer section, consider these recommendations:

• Double Verification: Always verify recipient addresses twice before confirming transfers
• Test Transactions: For large transfers, consider sending a small test amount first
• Record Keeping: Maintain external records of important withdrawal transactions
• Network Selection: Be aware of the different fee structures and confirmation times across networks
• Timing Consideration: Plan large withdrawals during periods of lower network congestion for potentially lower fees