Following are the various states of a payment:
This is the first state. The customer has provided the payment details, which are sent to Razorpay. The payment has not been processed yet.
The payment state changes to
When the payment status is changed to
You can refund the payments that have been successfully captured at your end. The amount is reversed to the customer's account.
An unsuccessful payment attempt is marked as
The following state diagram depicts the flow of money through the various payment states:
Late authorization is a situation that arises when a payment is interrupted by external factors such as network issues or technical errors at the customer's or bank's end. In such cases, funds may or may not get debited from the customer's bank account, and Razorpay does not receive a payment status from the bank. Know more about Late Authorization.