I have a use-case where, whenever a transaction is completed or failed, I have to wait in background(not going to freeze the UI) for 5 minutes and call a piece of code without user intervention. So AFAIK I need to implement Background Service for this.
I want to know which would be better for my scenario.
And in Oreo and above, if I run background service will it show in the notification that the App is running in the background?
Now the recommended way to do background processing would be Jetpack WorkManager API. I will cite official documentation for the reasons:
WorkManager chooses the appropriate way to run your task based on such factors as the device API level and the app state. If WorkManager executes one of your tasks while the app is running, WorkManager can run your task in a new thread in your app's process. If your app is not running, WorkManager chooses an appropriate way to schedule a background task--depending on the device API level and included dependencies, WorkManager might use JobScheduler, Firebase JobDispatcher, or AlarmManager. You don't need to write device logic to figure out what capabilities the device has and choose an appropriate API; instead, you can just hand your task off to WorkManager and let it choose the best option.
In addition, WorkManager provides several advanced features. For example, you can set up a chain of tasks; when one task finishes, WorkManager queues up the next task in the chain. You can also check a task's state and its return values by observing its LiveData; this can be useful if you want to show UI indicating your task's status.
So instead of worrying every time which background processing to choose (as every task has it's recommended and appropriate way), you can simply use WorkManager and it will do it's job.
This is considering the following gotcha:
WorkManager is intended for tasks that require a guarantee that the system will run them even if the app exits, like uploading app data to a server. It is not intended for in-process background work that can safely be terminated if the app process goes away; for situations like that, we recommend using ThreadPools.
P.S. As WorkManager API is using JobScheduler, Firebase JobDistpacher or AlarmManager under the hood, you must consider minimum API levels for used functionality. JobScheduler requires minimum API 21, Firebase JobDispatcher requires minimum API 14 and Google Play Services.
For the full documentation check: https://developer.android.com/topic/libraries/architecture/workmanager
For your second question: as far as I know you will always see that notification, as it is notifying user that your app is consuming battery. The notification may be disabled by the user from settings in Android Oreo 8.1.