Payments can have one of the following statuses:
Pending — the payment has been authorized and is waiting for final processing.
Settled — the payment was completed successfully, and the funds were transferred to the merchant.
Void — the payment was cancelled before the funds were captured.
Declined — the payment authorization was declined, and the transaction was not approved.
Pending is the intermediate payment status.
Settled, Void, and Declined are final payment statuses.
A payment can follow one of these processing flows:
Pending → Settled — the payment was completed successfully.
Pending → Void — the previously approved authorization was cancelled before the funds were captured.
Pending → Declined — the payment authorization was declined, and the transaction was not approved.
In some cases, a payment may receive its final status immediately without entering Pending:
Settled — the payment was completed immediately.
Example: You purchased software online, and the merchant completed the payment immediately.
Declined — the payment authorization was declined immediately.
Example: You tried to make a purchase, but the card balance was insufficient.