COMPANY023 — What is Fund, Send, and Transfer?
Last updated: August 26, 2026
Xtrm categorizes money movements into four distinct transaction types: Funded, Send, Received, and Transferred. Understanding these terms helps you easily manage and track funds flowing in and out of your digital wallets.
Transaction Types Comparison
Transaction Type | Description | Supported Payment Methods |
Funded | Adding money into your Xtrm wallet from an external financial institution or funding source. | • Bank Low-Value Credits (ACH or equivalent) • Bank High-Value (SWIFT or Wire) • Bank Direct Debit (USD, CAD, EUR, GBP, AUD) • Credit Card (USD) |
Send | Sending funds from your Xtrm wallet to another individual or company wallet within the Xtrm platform. | • Instant Wallet-to-Wallet Payment |
Received | Receiving funds into your Xtrm wallet from another individual or company wallet within Xtrm. | • Instant Wallet-to-Wallet Payment |
Transferred | Moving funds out of your Xtrm wallet to an external bank account or redeeming for digital cards/checks. | • Bank Low-Value (ACH or equivalent) • Bank High-Value (SWIFT or Wire) • Bank Instant Transfer (USA only) • Paper Check (USA only) • Digital Gift Cards • Virtual Prepaid Visa / Mastercard |
Key Takeaways
Internal Transactions (Send & Received): Occur instantaneously between Xtrm wallets with zero processing delays.
External Inbound (Funded): Involves pulling or depositing capital into Xtrm from external bank accounts or payment cards.
External Outbound (Transferred): Represents withdrawing capital out of the Xtrm ecosystem to bank accounts, checks, or reward cards.