Order Status

The order response messages from the POST and GET methods include an order status. The following is a list of all possible order statuses that may be returned. You may want to group these statuses into something more relevant for your customers.

Order Flow

Order Status Definitions

Status

Definition

pendingPayment

Order has been created and the customer has submitted KYC information.

For Buy orders, this indicates we are waiting for customer to make payment for the order.

For Sell orders, this indicates we are waiting for the required conditions to be met before we can accept the crypto payment.

waitingPayment

For Buy orders, this indicates that the Customer has submitted their payment information, and we are now waiting for final payment confirmation from any external payment systems.

For Sell orders, this indicates that all the required conditions have been met and we are waiting for the Customer to make the crypto payment to the wallet address provided. This status occurs when the customer has passed KYC verification and submitted their Bank Account details for receiving fiat. This webhook will notify you that cryptocurrency is ready to be sent to Banxa.

paymentReceived

Customer has made payment and payment has been confirmed.

For Buy orders, payment refers to fiat currency.

For Sell orders, payment refers to crypto currency.

inProgress

Payment information has been received by the external payment systems. The order is now in final verification and processing.

cryptoTransferred

Cryptocurrency transaction has been submitted blockchain.

cancelled

Order has been cancelled by Banxa due to internal risk and compliance alerts.

declined

Order has been declined by external payment systems.

expired

Order has been created, customer has not made payment for the order within the expiry time. (Expiry times may differ for each payment method).

Expired orders can become active again. If payment is received after expiry, the order will automatically continue through the normal processing stages.

complete

Order has been completed.

For Buy orders, we deem the cryptocurrency transaction to be completed after 2 confirmations on blockchain.

For Sell orders, we deem the fiat payout to be completed when the fiat currency has been successfully sent.

refunded

Order has been refunded by Banxa customer support in response to a request from the customer.

extraVerification

The order has been held for extra verification such as ID address verification. Banxa customer support will be reaching out to the customer to assist them resolve the order.