Invoices allow your Organization (entity) to send, request, and manage incoming payments from your LPs and investors effortlessly and seamlessly.
Invoice Statuses
Draft
The Invoice has been created but it has not yet been sent to the Recipient. When the Invoice is sent to the Recipient, the status changes to Pending Request.
Not Viewed
The Invoice has been sent but it has not yet been viewed by the Recipient. A view is counted each time the Recipient accesses the Invoice from their Verivend account. When the Invoice has been Viewed one or more times by the Recipient, the status changes to Viewed.
Viewed
The Recipient has viewed the Invoice but has not yet submitted a payment. When a payment has been submitted by the Recipient, the status changes to either Scheduled or Payment Submitted, depending on how the Recipient chose to submit their payment.
Scheduled
The Recipient has submitted payment by scheduling a bank payment for a future date.
Scheduled bank payments will be processed on the posting date chosen by the Recipient when submitting payment. The status changes to Payment Submitted on the posting date of the payment.
Note: the Recipient has the ability to cancel a scheduled bank payment before the scheduled payment posting date. If the Recipient chooses to cancel the scheduled payment, the sender of the Invoice will receive an email notification and the History section of the Invoice will be updated with the cancellation.
Payment Submitted
The recipient has submitted their payment and the funds are in transit from their bank to the digital wallet of the Organization that sent the Invoice. When the funds have arrived and cleared, the status changes to Fully Paid and the funds are available in the digital wallet of the Organization that sent the Invoice.
Fully Paid
The payment from the Recipient is completed and the funds are available in the digital wallet of the Organization that sent the Invoice.
Canceled
The Organization that sent the Invoice has Cancelled the Invoice and it has been removed from the Recipient's Verivend account and can no longer be acted on. Canceled Invoices can still be viewed by the Organization that created the Invoice from within the Archives area. Please see Archives for more information on archived items.
Closed
The Organization that sent the Invoice has Closed & Archived the Invoice. Closed Invoices can longer be acted on and are still viewable by the Sender and Recipient from within the Archives area. Please see Archives for more information on archived items.
Payment Statuses
Scheduled
The payment is queued for processing and will move to Started once the transaction begins.
Started
The payment transaction has started and will move to Unconfirmed status when the funds are pulled from the recipient's bank account.
Cancelled
The payment was cancelled by the sender and will not be processed.
Failed
The transaction did not successfully completed for the reason noted.
Unconfirmed
The funds are in transit from the sender's bank account and are in the process of clearing and becoming available in the recipient's digital wallet.
Completed
The funds have settled and are now available in the recipient's digital wallet.