The payment status lets you know how things are going with your subscription payment (scheduled, failed, paid).
There are 3 different payment statuses:
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Scheduled: Your next payment is upcoming. The date of collection is shown next to the status.
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Failed: Your payment failed. We’ll retry charging the amount 3 business days later. If it fails again, the next attempt will happen 8 business days after the first failed payment. The date of the first payment attempt is shown next to the status.
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Paid: Your payment was successful.
You can check the status of all your payments in Account > My Tech > Select the device you want to check the payment status of > Payments.