WooCommerce > Orders
Pending payment - Order received, no payment initiated. Awaiting payment (unpaid).
Failed - Payment failed or was declined (unpaid). Note that this status may not show immediately and instead show as Pending until verified (e.g., PayPal).
Processing - Payment received (paid) and stock has been reduced; order is awaiting fulfillment. All product orders require processing, except those that only contain products which are both Virtual and Downloadable.
Completed - Order fulfilled and complete – requires no further action.
On Hold - Awaiting payment – stock is reduced, but you need to confirm payment.
Cancelled - Cancelled by an admin or the customer – stock is increased, no further action required.
Refunded - Refunded by an admin – no further action required.