The Payment Status API enables clients of Business Account and PSD2 APIs to retrieve more information about the status of their initiated payment or batch. It can retrieve the status for transactions or batches both initiated through the Business Account Payment APIs or the PSD2 Payment Initiation Service API. This can be done with a direct connection or through a third party that provides accounting, bookkeeping or other bank connectivity services for clients. 

The payment status retrieved via the API can be used to reconcile your accounts payable administration. This can be done directly within an Enterprise Resource Planning (ERP) system, Treasury Management System (TMS), or any other financial systems. This provides insight into which transactions have been completed and which have not yet been completed. Additionally, a timestamp is available for transactions that were processed instantly, indicating when the transaction reached the beneficiary. 

As an additional option, combining the Payment Status API with the Business Account Insight API provides a complete overview of your outgoing payments. For more information, refer to the Business Account Insight API Overview page.

Requirements

To use this API in a production environment, you must have the access to one of the following APIs:

• The Business Account Payment API

Or

• The Business Account Payment - Instant API   

Or

• The PSD2 Payment Initiation API

All clients will automatically get access to the Payment Status API if you request access to one of the above mentioned payment APIs. There is no additional action needed to get access. For questions or issues with the Payment Status API you can therefore also log those via our developer portal on the mentioned payment APIs. 

Pricing

The Payment Status API is included in the price of the Business Account Payment and Business Account Payment - Instant API. No charges are applicable for the PSD2 APIs.