Greylisting is a mail server's habit of refusing an unfamiliar sender's first delivery attempt with a temporary error — a 4xx — and accepting the retry a few minutes later. It is a cheap spam defence: real mail servers retry, and much bulk-sending software does not.
What Spaw answers
A greylisted handshake ends without an answer about the mailbox. smtp_checked is true, mailbox_exists stays null, and smtp_reason is greylisted. The verdict then rests on the free signals alone, which usually means risky with the reason unverified and +10 on the risk score.
Why it is not free
Greylisting is the server's answer, not a failure of ours. The lookup ran, every DNS and list check was performed, and the response is a complete one that happens to leave one field null — so it costs a credit like any other answered lookup. The exception, and the only one, is an outage in the partner infrastructure behind the handshake: that answers provider_unavailable and is not billed, because nothing was established.
Retrying immediately rarely helps. The same address checked again after the greylisting window has passed will often settle, and a repeat inside seven days is free.