Knowledge Base

What is the meaning of ‘Payment in Progress’ in the Samco application?

A “payment in progress” status means that the amount deducted from your bank account is in the process of being revalidated by the bank. The deducted amount from your bank account will be reprocessed by the bank on the next working day. After that, the funds will either be credited to your Samco Trading account or returned to your bank account within 24 to 48 working hours.

What is the meaning of ‘Payment Failed’?

If the funds were debited from your bank account but not credited to your Samco trading account, the bank will automatically attempt to reprocess the transaction within the next 24 working hours.

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