Here is a snapshot of how your conversion status will look like: 

Approved: The Advertiser has approved your conversion and you will be earning a commission. 

Pending: The Advertiser has not yet validated your conversion. The estimated validation period varies, and details can be found on the offer page.

Rejected: The Advertiser has rejected your conversion. 

Below are possible reasons for rejected conversions (but are not limited to):

• The customer did not complete their payment.
• The customer canceled their order.
• The customer requested a refund for their order.
• The order was never delivered to the customer as it was out of stock.
• The offer has been "Paused" due to budget allocation

Yet to Consume: Purchases that are made in advance, such as hotel bookings. A commission will only be issued after successful payment from the customer, and successful delivery of products or services. 

Paid: Your payment has been sent via the method you set in your payment details. You can check your payout overview for more info.

Invalid: Conversions that are not recognized or cannot be proven of their sources.

Below are a few examples that can contribute to an "Invalid" status (but are not limited to):

• Detection of Spam or Fraud cases.
• Invalid or Wrong Order ID
• Claiming of conversion that you did not earn
• Not based on the last click by users, followers, or subscribers
• System error - Wrong amount received / Captured
• Conversions initiated through system test
• Conversion dispute between Involve Asia tracking platform and the Advertiser's platform.
• Ineligible commissions (Multiple clicks/app installed / wrong customer type / unmatched campaign
• The wrong local currency captured
• Exceed cookie period

Refer here for Lazada's rejection reason

Refer here for Shopee's rejection reason