diff --git a/plugins/woocommerce-admin/client/launch-your-store/hub/main-content/pages/launch-store-success/WhatsNext.tsx b/plugins/woocommerce-admin/client/launch-your-store/hub/main-content/pages/launch-store-success/WhatsNext.tsx
index 53ea8959ccd..493d68f9b16 100644
--- a/plugins/woocommerce-admin/client/launch-your-store/hub/main-content/pages/launch-store-success/WhatsNext.tsx
+++ b/plugins/woocommerce-admin/client/launch-your-store/hub/main-content/pages/launch-store-success/WhatsNext.tsx
@@ -78,7 +78,7 @@ const getActionsList = ( { activePlugins, allTasklists }: WhatsNextProps ) => {
 			'Give your shoppers more ways to pay by adding additional payment methods to your store.',
 			'woocommerce'
 		),
-		link: `${ ADMIN_URL }admin.php?page=wc-admin&task=payments`,
+		link: `${ ADMIN_URL }admin.php?page=wc-settings&tab=checkout`,
 		linkText: __( 'Add payment methods', 'woocommerce' ),
 		trackEvent: 'launch_you_store_congrats_payments_click',
 	};
diff --git a/plugins/woocommerce/changelog/fix-lys-payment-methods-link b/plugins/woocommerce/changelog/fix-lys-payment-methods-link
new file mode 100644
index 00000000000..6e929fe3207
--- /dev/null
+++ b/plugins/woocommerce/changelog/fix-lys-payment-methods-link
@@ -0,0 +1,4 @@
+Significance: patch
+Type: fix
+
+Fix the "Add payment methods" link in LYS congrat screen redirects to a blank page