A Pending Transaction represents a payment that has been authorized but not yet fully settled or posted to the account history. It appears on the customer’s bank statement as a temporary entry that will either finalize (clear) or disappear (drop off).

FAQs:

  • Can a pending transaction be cancelled?
    Yes, the merchant can void the authorization, removing the pending status faster than waiting for it to expire.
  • How long does a transaction stay pending?
    Typically 1 to 7 business days, depending on the bank and merchant policies.
  • Does pending mean the money is gone?
    No, it means the money is reserved. It is only “gone” once the transaction posts/settles.

Related Terms: