What does the status of my PayPal powered by Braintree transaction mean?

A PayPal powered by Braintree transaction may go through the following statuses in the Control Panel:

Authorized- A transaction is considered authorized once a customer’s bank approves the transaction. An authorization puts a hold on the funds. The customer will not be able to spend the money, but funds will not be taken from the customer’s account yet.

Submitted for settlement-To collect money, you need to submit for settlement, referred to as capturing. Usually, you will want to submit a transaction for settlement at the same time you authorize the payment.

Settling- While the processors and the banks are working out the details of the exchange of funds, the transaction will be Settling. The processing time is dependent on the processing bank.

Settled- Once the money is in your merchant account, the transaction will display as Settled, and the money will be routed to your bank account.

Authorization expired-When a transaction spends too much time in the Authorized status and is marked as expired, it will show as Authorized expired.

Processor declined-The processor declined the transaction. The processor response code has information about why the transaction was declined.

Failed- An error occurred when sending the transaction to the processor.

Voided- The transaction was voided before it could be processed. Transactions that were cancelled when the status was Authorized or Submitted for Settlement will appear as Voided in the Control Panel.

Gateway rejected- application incomplete-You'll see this transaction status if you haven’t completed your full application and have reached the processing threshold limit on your provisional merchant account.

Settlement declined- The processor declined to settle the transaction. The processor settlement response code has information about why the transaction was declined.

Settlement pending- Currently this status can only be returned for PayPal transactions. While the authorization was successful, PayPal neither declined nor approved the settlement. This is considered a transitory state. You can either void the transaction, or wait and see if it settles.