What are the different payment stages?

A payment reaches multiple stages, also called the payment life cycle. Find below the different scenarios and stages. 

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Refused: The purchase was not accepted. The cardholder sees a decline on the terminal or online. A reason could be not enough funds on the cardholder’s balance. 

Canceled: The payment was accepted, but the merchant has canceled (all or a part) of the cardholder’s purchase. A reason could be the goods purchased are no longer in stock.

Captured: The payment was accepted and the money has been deducted from the cardholder’s balance. 

Expired: The payment was accepted, but no money has been deducted from the cardholder’s balance. This happens often after seven days. 

 

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