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Transaction Status Definition

Transaction Status Descriptions

Conversation - Communication between buyer and seller answering questions that a buyer may have about the lot.
Preauthorization - Buyer has agreed to purchase, seller needs to confirm as next step. Once confirmed the funds are transferred from the buyers paypal to the sellers paypal account. The transactions status is updated to "Paid". Seller may also "Reject" if they are out of stock and needs to take the lot down.
Paid - Seller must ship the goods to the seller and communicate with the buyer with tracking details. 
Rejected - Seller is unable to fulfill request. No funds are transferred between buyer and seller. 
Complete - Transaction is now complete. Buyer has received goods and are as described.
Cancelled - Buyer wishes to dispute the purchase or has an issue with the items. The seller and buyer both should communicate on how to resolve the issue. Allow sellers to resolve an issue before leaving negative feedback. If a mutually beneficial resolution has not been established the buyer may open a Paypal dispute to have it resolved through the payment processor.