What do the payment statuses mean? – Velo Payments

Payment Status Definitions

Submitted: The company you work for created a payment instruction to be sent to you.
Awaiting Confirmation: Your payment was sent. The payment will remain in this status until you confirm receipt of the payment.
Confirmed: You confirmed your payment was received through text message or email. This is an optional step to help you track payments sent to you.
Returned: Your payment was returned by the bank. For more on returns, refer to the article, What do I need to do if my payment was returned?