What are the default payment statuses in Procore Pay?
General Availability in Select Markets (United States)
Procore Pay is available in the United States. It is designed for General Contractors and Owner-Builders who act as their own General Contractors on a job. Procore Pay extends the Invoice Management functionality in the Procore web application to handle the payment process between general and specialty contractors.
Procore Pay is available in the United States. It is designed for General Contractors and Owner-Builders who act as their own General Contractors on a job. Procore Pay extends the Invoice Management functionality in the Procore web application to handle the payment process between general and specialty contractors.
Background
A disbursement is the action of paying out money from a fund. In Procore Pay, a disbursement withdraws funds from a general contractor's funding account and transmits them to the general contractor's deposit account. Payment orders are then issued to withdraw funds from the deposit account to pay invoices.
Answer
When a general contractor creates a disbursement using Procore Pay, both payors and payees can view the 'Payment Status' to track the status of the payout to the beneficiary.
Statuses
Status | Definition |
|---|---|
Not Initiated | The system has not yet initiated the payout. |
Requested | The system has initiated the payout. |
Completed | The payout is complete. |
Failed | The payout failed. Contact Payment Operations. |
Payors
You can track the 'Payment Status' when viewing a specific disbursement. See View a Disbursement.
NoteThe 'Payment Status' of a disbursement payout is different from the 'Payment Status' for the invoice, which is located on the Subcontractor Invoice tab in the Payments tool.
The 'Payment Status' of a disbursement payout is different from the 'Payment Status' for the invoice, which is located on the Subcontractor Invoice tab in the Payments tool.
Payees
You can track the 'Payment Status' of your most recent payments on the Payments Dashboard or see all payment statuses on the Payments List.