All possible statuses for a Payout item are the following:

result[].status.coderesult[].status.reasonPayment methodDescriptionAllows retry attempts
PENDINGPIX / PAGBANKItem was received and will be processed soon.-
SUCCESSPIX / PAGBANKItem was received and processed successfully.-
FAILEDPROCESSING_ERRORPIX / PAGBANKAn unexpected error has occurred.YES
FAILEDINVALID_DESTINATIONPIX / PAGBANKPix key / account provided is an invalid destination.NO
FAILEDINSUFFICIENT_FUNDSPIX / PAGBANKTransfer cannot be processed due to insufficient funds.NO
FAILEDPAYEE_IRREGULAR_REGISTERPIX / PAGBANKPayee is not compliant with our internal policies.NO
FAILEDPAYOUT_DENIEDPIX / PAGBANKItem was received and could not be processed.NO
FAILEDPAYEE_NAME_DOES_NOT_MATCHPIX / PAGBANKThe payee's name does not meet our internal policies' minimum similarity threshold. Please use the exact name specified in the document and avoid special characters for conformity.NO
FAILEDPAYEE_LEGAL_CONSTRAINTSPIX / PAGBANKPayee is not compliant with international standards.NO
FAILEDPAYEE_DECEASEDPIX / PAGBANKThe payee document indicates the demise of the individual.NO
FAILEDPAYEE_UNDERAGEDPIX / PAGBANKMinor (individual under 18 y.o.) is prohibited from engaging in transactions within this business sector.NO
FAILEDPAYEE_EXCEEDED_FINANCIAL_LIMITPIX / PAGBANKPayee's financial limit has been exceeded.NO
FAILEDREJECTED_BY_RECEIVERPIXTransfer rejected by receiver bank.NO
FAILEDPROCESSING_TIMEOUTPIXTransfer aborted due to a processing timeout in the Brazilian SPI (Instant Payments System).YES
FAILEDDESTINATION_NOT_MATCH_DOCUMENTPIXPayee's document does not match with account owner.NO
FAILEDDESTINATION_ACCOUNT_BLOCKEDPAGBANKDestination account is blocked.NO
FAILEDPAYEE_NAME_DOES_NOT_MATCHPIX / PAGBANKThe payee's name does not meet our internal policies' minimum similarity threshold. Please use the exact name specified in the document and avoid special characters for conformity.NO
FAILEDPAYEE_NATIONAL_ID_CANCELLEDPIX / PAGBANKDue to some administrative measures, the document may be cancelled.NO
FAILEDPAYEE_NATIONAL_ID_INACTIVEPIX / PAGBANKThe payee document is inactive.NO
FAILEDPAYEE_UNDERAGEDPIX / PAGBANKMinor (individual under 18 y.o.) is prohibited from engaging in transactions within this business sector. Error valid only for the betting sector.NO
FAILEDSALARY_ACCOUNT_TYPE_UNSUPPORTEDPIX / PAGBANKPayee destination cannot be a type salary account.NO