What is a Completed and a Pending payment?

A completed payment is a transaction that has been processed and the funds have been transferred from the payer's account to the payee's account.

A pending payment is a transaction that has been authorized but has not yet been completed. This means that the funds have not yet been transferred and the transaction may be cancelled or declined before it is completed.

Example, in a rent-a-car scenario, a pending transaction could occur when the customer provides a card for payment but the rental company has not yet charged the card. This could happen if the customer has not yet returned the vehicle as a deposit, or if there are additional charges to be added to the rental fee (such as for fuel or additional days). The transaction remains pending until the rental company releases the amount or charges the card for the full amount owed.