In plain English
It names the outcome of trying to make a payment when the try does not reach a successful end. A payment was attempted, but that attempt did not complete in success.
In context
In payment history, this status marks a payment attempt that did not complete successfully.
- Situation
- Reading card, bank, wallet, authorization, decline, pending, and settlement states
- What it communicates
- labels an unsuccessful payment attempt in payment history.
Meaning limits
By itself, this status does not say why the attempt was unsuccessful or what may happen next.
Examples
“Payment failed when he tried to buy the train ticket.”
“The clerk checked the payment history and found the August payment marked as payment failed.”