Once a listing has ended, credits are transferred to the seller from the winner in various ways. The credit status indicated on the listing page can be in the following states:
Pending state credits are held in escrow until the listing transaction is complete. The seller does not receive credits from the winner until a specified time has passed or the winner has stated that they have received the item. Read more about pending credits here.
Credits are in the transferred state when they have been issued to the seller from the winner.
If a dispute is filed and credits are issued back to the winner, credits will be in the refunded state.
In rare cases when a dispute is filed and no clear decision can be made, credits will be in the settled state where both seller and winner receive their credits.