Overview

Payments in Unit represent requests to move funds that are initiated by the end customer. Payments are not final, and do not necessarily materialize into an actual movement of funds - they have a lifecycle that depends on the payment type.

Payments can be:

• Rejected: Based on validity and risk checks, Unit has decided to reject the payment and not process it (e.g. crossed limits, insufficient funds).
• Pending: Waiting to be processed or transmitted to the payment network.
• Canceled: The payment was canceled by the client / end-customer before being sent to the network.
• Pending Review: The payment is waiting to be manually reviewed, typically due to a high level of risk associated with that payment.
• Clearing: In certain types of payments, once the funds are received by Unit, we hold on to them for a period, on your behalf, before releasing them to the end customer. Clearing is meant to minimize the risk of a costly return or fraud.
• Sent: The payment has been fully processed.
• Returned: The payment was processed but the network or the receiving bank returned the payment.

Sent payments result in a transaction being created.