Uncleared transactions are payments that have been initiated but are still in progress and haven’t been settled yet by the Payments Network.
Even though you might receive a payment confirmation instantly, the actual transfer of funds takes a few days to complete. During this time, different parties—such as your bank, Visa, and the merchant’s bank—verify the transaction details are correct among all parties involved before finalising the payment. This process is known as Transaction Clearance.
It's important to note that the funds are credited to the Merchants Account only once the transaction has been cleared.
Typically, transactions are cleared within 2-3 days, but in some cases, it may take up to 30 days. If the transaction remains uncleared beyond 30 days, it will be automatically reversed.