Hello and good morning friends!
This new release has lots of powerful fintech goodness waiting for you to enjoy!
Here’s what’s changed:
- Security updates
- We’ve added a document upload flow for users whom we need to collect additional KYC details from
- Payment statuses have been upgraded to precisely track the settlement of funds even after they leave the SnapRefund ecosystem. Now when you send payments you’ll see the status update in real time as your funds move through the banking system (for ACH payments) or card networks (for Instant payments)
| Status | Awaiting-sign-up -or- Awaiting-cash-out | Cancelled | In-transit | Settled | Failed | Cancelled |
| Event | Payment sent within SnapRefund.io | Sender cancels payment before cash out | Recipient cashes out | Transaction completed in banking system | Transaction failed in banking system | Transaction cancelled in banking system |
- Our friendly neighborhood “Payment sent” modal that shows after resending a payment from Transaction History now also displays after sending a payment for the first time from the Send Payment tab
- Unverified business and personal users are now redirected to Banks & Cards after sign up