Documentation Index
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Lifecycle of a receivable sale, what each status and failure reason means, and how a failed sale is recovered.
settled.
| Status | Description | Notes |
|---|---|---|
created | Lead created the sale. Its receivables and purchase_amount are fixed. | Lead debits your operating account later the same business day. Your account must hold purchase_amount by 4:00pm CT. A problem other than those listed under failure reasons leaves the sale created while Lead resolves it. |
settled | Lead debited purchase_amount from your operating account. Terminal. | core_transaction_id and settled_at are set. The sale’s receivables are now sold to you. |
failed | The debit did not go through. | failure says why. Fix the cause and tell your Lead team. Lead then retries the debit at the same purchase_amount. |
| Transition | Triggered by | Webhook |
|---|---|---|
(none) to created | Lead’s daily batch, at the start of the business day | receivable_sale.created |
(none) to settled | Lead’s daily batch, on a day with nothing to buy | receivable_sale.no_receivables_for_sale |
created to settled | The debit succeeds | receivable_sale.settled |
created to failed | The debit fails | receivable_sale.failed |
failed to settled | Lead retries the debit after you fund the account, and it succeeds | receivable_sale.settled |
| Reason | Use when | What to do |
|---|---|---|
non_sufficient_funds | Your operating account did not hold enough to cover purchase_amount. | Fund the account, then tell your Lead team. Lead retries the debit for the same purchase_amount. |
account_closed | Your operating account is closed. | Contact your Lead team. |
receivable_sale.failed. Read failure.reason.non_sufficient_funds, fund your operating account with at least purchase_amount.settled and you receive receivable_sale.settled.Was this page helpful?