Systems and Methods for providing status update for a transaction are described herein. According to the present subject matter, the system(s) implement the described method(s) for providing updated status of a transaction. The method includes receiving a status update request, by a server, from a communication device of a user, to track status of the transaction between the user and other party, wherein the status update request comprises at least of tracking parameters and update parameters associated with the status update. The method further includes polling the other party through a communication network based on the tracking parameters and the update parameters to obtain an updated status of the transaction. Furthermore, the method includes providing the updated status of the transaction to the user based on the update parameters.