Pending vs Processing - Moneylender Forums (2024)

FAQs

What is the difference between pending and processing transactions? ›

TLDR: A pending transaction is any transaction that has been authorized but has yet to be posted to your account. Pending transactions can impact your available balance (the amount of money you have available). A posted transaction is a completed transaction that has been fully processed.

Pending transactions are transactions that haven't been fully processed yet.

When a payment is marked as “pending” it means that the payment process still needs to be completed. In most cases, this simply means that you need to wait for this to happen.

Does processed mean paid? Processed does not necessarily mean paid. If the bank says a transaction has been processed, that can mean that it has been authorized and authenticated but not yet settled - meaning, the seller may not see the funds in their account yet.

Re: Pending vs Processing

Processing means the transaction instructions have been submitted to the ACH network to debit the funds from the borrower. Pending means the payment is scheduled but instructions to debit the borrower haven't been submitted to the ACH network yet.

Although a pending transaction signifies your vendor has yet to receive payment or the deposit funds aren't released yet, the amount involved is typically reflected from your bank account. This gives you an accurate, up-to-date picture of the money you have available.

Until it processes, a pending transaction could put a hold on an account balance or credit limit. That doesn't necessarily mean you can't use your credit card or bank account. But it can affect your available balance—or the funds you're able to access.

How Long Do Pending Transactions Take to Post? Although pending transactions typically post within two to three business days, they may post immediately in some cases or take up to 30 days in others. It depends on the type of transaction; when it takes place; and the merchant, bank or credit card issuer's policies.

Yes, a pending transaction can be declined. A pending transaction is a temporary hold placed on funds in an account, typically when a card is used to make a purchase or when a check is deposited. The hold ensures that the funds are available for the merchant to process the transaction.

Essentially, pending transactions mean the money has been committed to a specific purchase, but it's still moving between accounts. Your account balance may or may not reflect the money spent in a pending transaction. You are still able to use your card normally while these payments process.

Can I transfer money if it's still pending? ›

“Pending” means that the funds aren't yet available for you to withdraw / transfer / spend / etc. because there is a risk that your institution won't receive them (this is called “settlement risk”).

Pending transactions are payments that would normally go into or out of your account within 7 days. When you use a debit card to pay for something, it reduces the available balance in your current account. Similarly, when you use a credit card to pay for something, it increases your available balance.

It can take up to 3 business days for your bank to complete the transaction. After the payment is processed, the transaction status will change to “Success” or “Failed.” Do not try to make the same payment again while the status is “Payment processing.”

"Processing" means your available merchandise is being picked, packed, and shipped. Processing begins as soon as your items are in stock and your credit card is charged and approved. Processing times vary but usually take one to four business days.

The issuing bank verifies the customer's account and checks if they have sufficient funds or credit to complete the transaction. At this point, the issuing bank sends an approval or decline message back through the card networks and acquiring bank to the payment processor.

Essentially, pending transactions mean the money has been committed to a specific purchase, but it's still moving between accounts. Your account balance may or may not reflect the money spent in a pending transaction. You are still able to use your card normally while these payments process.