All possible statuses for a Payout item are the following:

result[].status.coderesult[].status.reasonPayment methodDescription
PENDINGPagBank / PIXItem was received and will be processed soon.
SUCCESSPagBank / PIXItem was received and processed successfully.
FAILEDPROCESSING_ERRORPagBankItem was received and could not be processed. Generic error.
FAILEDINVALID_DESTINATIONPagBankItem was received and could not be processed. Destination account has a problem.
FAILEDDESTINATION_ACCOUNT_BLOCKEDPIXItem was received and could not be processed. Destination account is blocked.
FAILEDDESTINATION_NOT_MATCH_DOCUMENTPIXItem was received and could not be processed. Payee's document does not match with account owner.