Life Cycle

The figure below shows the life cycle of an Payments.

The table below list the various statuses that our Payments can have during its life cycle.

Status	Description
`PENDING`	When the create payment request is successfully received by Plural.
`AUTHORIZED`	Only when `pre_auth` is `true`. When the payment is received successfully. The money is credited from the payer account and waiting for the partner authorization to credit to the partner bank account.
`PROCESSED`	When the payment is received successfully. The money is debited from the payer account and credited to the partner bank account successfully.
`CANCELLED`	When the payment get cancelled. Note: When `pre_auth` is set to `true`.The partner can cancel the payment if there is a failure in delivering the product or service. Similarly, the customer also has the option to cancel the payment during the checkout process.
`FAILED`	When the payment fails, this can be for many reasons such as maximum retries for OTP verification, partner downtime etc.