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Check this link to see the status of your transaction:
https://help.steampowered.com/#HelpWithPurchase
Pending means Valve hasn't got the money yet.
It can turn into;
1. Sucessful - You get the game/wallet money
2. Failed - You don't get the game/wallet money and your money is on hold, your payment processor will return it to you within the next few business days.
The money has been taken out of my account by valve and i dont see why a "gift card" would have any problems since its a swipe and go kinda card. Valve has gotten the money they took it out of my gift card.
Was it successful or not?
No it was not
I sent this account a gift from a new account because steam refused to accept this card anf after trying to buy it repetitively they took about $2 out without me buying anything it just kept rejecting my card. So i heard to counter this problem go onto another steam account and just gift the purchase to yourself. So thats what i did but now again steam has taken my money and giving me nothing in return.
17yr old learns about credit card "authorization hold"