diff --git a/.changeset/all-grapes-own.md b/.changeset/all-grapes-own.md
new file mode 100644
index 00000000000..089c2b927c1
--- /dev/null
+++ b/.changeset/all-grapes-own.md
@@ -0,0 +1,5 @@
+---
+"thirdweb": patch
+---
+
+Fix bug with PayEmbed incorrectly showing failed state
diff --git a/packages/thirdweb/src/react/web/ui/ConnectWallet/screens/Buy/fiat/OnRampScreen.tsx b/packages/thirdweb/src/react/web/ui/ConnectWallet/screens/Buy/fiat/OnRampScreen.tsx
index f89f3e83bc7..6edfd142dd3 100644
--- a/packages/thirdweb/src/react/web/ui/ConnectWallet/screens/Buy/fiat/OnRampScreen.tsx
+++ b/packages/thirdweb/src/react/web/ui/ConnectWallet/screens/Buy/fiat/OnRampScreen.tsx
@@ -583,10 +583,10 @@ function useSwapStatus(props: {
       uiStatus = "completed";
       break;
     case "FAILED":
-    case "NOT_FOUND":
       uiStatus = "failed";
       break;
     case "PENDING":
+    case "NOT_FOUND":
       uiStatus = "pending";
       break;
     case "NONE":