In plain English
This status means the money for the payment has arrived. It was received through a bank transfer.
In context
Here, it reports that the payment is in the status where its amount has been received by bank transfer.
- Situation
- Reading card, bank, wallet, authorization, decline, pending, and settlement states
- What it communicates
- labels that an incoming bank transfer has been detected for the payment.
Meaning limits
By itself, this status does not indicate when the transfer was received or any other condition of the payment.
Examples
“Once the money arrived by bank transfer, the payment changed from pending to bank transfer received.”
“The finance officer recorded the tuition payment as bank transfer received after checking the account.”