Payment Status

Overview of Payment Statuses in Transactions

The payment status in a transaction serves as a critical indicator of both the progress and outcome of financial transfers conducted between a payer and a payee. It is essential to recognize that various payment methods and platforms may employ diverse terminologies and stages throughout the payment lifecycle. Nevertheless, standard status designations are broadly recognized across the industry.

Standardization of Payment Statuses

While individual transactions may be associated with a range of statuses—including, but not limited to, "Completed," "Cancelled," and "Refunded"—it is essential to note that each payment gateway or provider may utilize its unique nomenclature. Although these designations are different in terminology, they convey comparable meanings and represent similar stages in the payment process.

A standardized set of status names will be adopted for use within the context of JFW to foster clarity and consistency. This standardization initiative aims to bridge the gaps between the varying terminologies employed by different payment providers, thereby facilitating a more intuitive and uniform understanding of payment statuses across platforms.

Standard Payment Statuses

The most advisable approach is to use the standard documentation a financial service provider provides. Presently, JFW uses the comprehensive documentation provided by PayPal or Stripe for reference, which can be promptly accessed through their websites.

In programming contexts, it's important to note that payment status is case-insensitive. This means the system does not differentiate between uppercase and lowercase letters when determining payment status.