Retrieve payment status
The API should allow developers to track the status of ACH payments, providing real-time information about transactions. This may involve providing status updates such as "pending," "processing," or "completed."
Reviewing
1.1 The pending payment is being reviewed by the bank or financial institution, etc. to check whether the payment information is in agreement with the record of the bank or financial institution and the compliance standards.
Canceled
1.1 The pending payment will be canceled if it is not in agreement with the compliance standards of the bank or financial institution, etc., and therefore is rejected by the reviewer.
1.2 Its status will be changed to Canceled.
Failed
1.1 The payment in processing dose not pass the specific check due to non-compliance or its incorrect payment information offered, and therefore is disapproved by the bank or financial institution, etc.
1.2 The payment will fail and its status will be changed to Failed.
Processed
1.1 If the payment in processing is in agreement with the compliance standards and the payment information is correctly offered, and moreover, the payment has passed the specific check by the bank or financial institution, etc., the payment will be completed and its status will be changed to Processed.
Updated about 1 year ago