Authorized refers to the settlement status, meaning the money has been paid to the merchant, but the transaction has not yet been fully processed. This status typically updates within 1-4 days, changing to either Cleared or Refund. Transactions in the Authorized status cannot be withdrawn or canceled.
If the transaction is successful, the status will change from Authorized to Cleared, which usually takes 1-2 days, indicating that the settlement is complete.
If the transaction is successful and the user initiates a refund, the status may change from Authorized to Cleared then to Refund. Change from Authorized to Cleared usually takes 1-2 days. After Cleared, the refund period is generally calculated from the time of initiating the refund within 2-15 days.
If the transaction fails, the status may change from Authorized to Refund, which usually takes 1-2 days. After it changes to Refund, the money will generally be returned in the original way. The arrival time is generally 2-15 days from the time of initiating the refund.
Authorized transactions require processing time, and in some cases, they may take up to 30 days, depending on the merchant's authorization cancellation rules.
