Settled status is a label that payment systems and dashboards apply to a transaction once its funds have been transferred, marking the end of the normal payment lifecycle. It follows earlier states such as authorized, captured or pending status, and it is one of the values a provider returns as payment status.
What the label means depends on who is reporting it. For a card payment, a processor usually marks a transaction settled when it has been cleared and funded by the card network, which may be a day or more before the merchant receives the money in its bank account. For a bank transfer or payout, settled generally means the receiving bank has been credited. Settled does not always mean final. A settled card payment can still be refunded or charged back, and a settled direct debit can be returned within the scheme's time limits, whereas instant payment systems give settlement finality at once.