Hi there, Keara311. Weren't you given a confirmation number or order key? If not, no order has been placed and you wouldn't receive any phone. The pending transaction would eventually complete.
Yes, that's correct. Usually, when a payment doesn't go through, you may end up with a pending transaction. In most instances these transactions will process overnight. However, sometimes it can take a few days for it to complete; in this case purchases will appear as pending until the transaction is completed, or for up to five days.