An Order can go through a number of statuses during it's complete life cycle. These statuses and their meanings are as explained below:
Check out these images to understand the process better:
1. How is an order CREATED in the system?
2. When does an order go to PROCESSING status?
3. When do we mark an order as COMPLETE?
How to process an Order?
How to create an Order?
What are failed Orders?
How to verify Orders?