diff --git a/plugins/woocommerce-admin/changelogs/add-wc-pay-promotion-allow-suggestion-filter b/plugins/woocommerce-admin/changelogs/add-wc-pay-promotion-allow-suggestion-filter
new file mode 100644
index 00000000000..5c615eb001f
--- /dev/null
+++ b/plugins/woocommerce-admin/changelogs/add-wc-pay-promotion-allow-suggestion-filter
@@ -0,0 +1,4 @@
+Significance: patch
+Type: Add
+
+Add woocommerce_allow_marketplace_suggestions filter to WooCommerce Payments payment method promotion. #8117
diff --git a/plugins/woocommerce-admin/src/Features/WcPayPromotion/Init.php b/plugins/woocommerce-admin/src/Features/WcPayPromotion/Init.php
index 545a256e455..e52f4b9f0ef 100644
--- a/plugins/woocommerce-admin/src/Features/WcPayPromotion/Init.php
+++ b/plugins/woocommerce-admin/src/Features/WcPayPromotion/Init.php
@@ -102,6 +102,9 @@ class Init {
 		if ( 'no' === get_option( 'woocommerce_show_marketplace_suggestions', 'yes' ) ) {
 			return false;
 		}
+		if ( ! apply_filters( 'woocommerce_allow_marketplace_suggestions', true ) ) {
+			return false;
+		}
 
 		return true;
 	}