A payment method’s status value can be one of the following depending on the state within the system and the status within the used payment service.

`status`	Description
`processing`	The payment method record has been created in the system and is now ready to be used with payment services. The status is still `processing` because the payment method has not been validated through a transaction. The `id` method can now be used to create new transactions.
`failed`	The payment method could not be processed with any payment service due to technical issues.
`buyer_approval_required`	The payment method was correctly created but needs approval from the buyer. This is mainly used in alternative payment methods like PayPal where the user needs to be redirected to complete the payment method.
`succeeded`	The payment method was successfully used in any payment service.

State diagram

The following state diagram serves as an overview of all the different status values and how they relate to each other.

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Payment method statuses

State diagram

​State diagram

State diagram