diff --git a/includes/class-wc-order.php b/includes/class-wc-order.php
index 9593e573570..fafa8fd2dbe 100644
--- a/includes/class-wc-order.php
+++ b/includes/class-wc-order.php
@@ -371,6 +371,21 @@ class WC_Order extends WC_Abstract_Order {
 
 					do_action( 'woocommerce_order_status_' . $status_transition['from'] . '_to_' . $status_transition['to'], $this->get_id(), $this );
 					do_action( 'woocommerce_order_status_changed', $this->get_id(), $status_transition['from'], $status_transition['to'], $this );
+
+					// Work out if this was for a payment, and trigger a payment_status hook instead.
+					if (
+						in_array( $status_transition['from'], apply_filters( 'woocommerce_valid_order_statuses_for_payment', array( 'pending', 'failed' ) ), true )
+						&& in_array( $status_transition['to'], wc_get_is_paid_statuses(), true )
+					) {
+						/**
+						 * Fires when the order progresses from a pending payment status to a paid one.
+						 *
+						 * @since 3.9.0
+						 * @param int Order ID
+						 * @param WC_Order Order object
+						 */
+						do_action( 'woocommerce_order_payment_status_changed', $this->get_id(), $this );
+					}
 				} else {
 					/* translators: %s: new order status */
 					$transition_note = sprintf( __( 'Order status set to %s.', 'woocommerce' ), wc_get_order_status_name( $status_transition['to'] ) );