diff --git a/src/pretix/base/models/orders.py b/src/pretix/base/models/orders.py
index ba2c44d8aa..af1d51e435 100644
--- a/src/pretix/base/models/orders.py
+++ b/src/pretix/base/models/orders.py
@@ -1667,12 +1667,13 @@ class OrderPayment(models.Model):
         if status_change:
             self.order.create_transactions()
 
-    def fail(self, info=None, user=None, auth=None, log_data=None):
+    def fail(self, info=None, user=None, auth=None, log_data=None, send_mail=True):
         """
         Marks the order as failed and sets info to ``info``, but only if the order is in ``created`` or ``pending``
         state. This is equivalent to setting ``state`` to ``OrderPayment.PAYMENT_STATE_FAILED`` and logging a failure,
         but it adds strong database logging since we do not want to report a failure for an order that has just
         been marked as paid.
+        :param send_mail: Whether an email should be sent to the user about this event (default: ``True``).
         """
         with transaction.atomic():
             locked_instance = OrderPayment.objects.select_for_update(of=OF_SELF).get(pk=self.pk)
@@ -1697,6 +1698,17 @@ class OrderPayment(models.Model):
             'info': info,
             'data': log_data,
         }, user=user, auth=auth)
+
+        if send_mail:
+            with language(self.order.locale, self.order.event.settings.region):
+                email_subject = self.order.event.settings.mail_subject_order_payment_failed
+                email_template = self.order.event.settings.mail_text_order_payment_failed
+                email_context = get_email_context(event=self.order.event, order=self.order)
+                self.order.send_mail(
+                    email_subject, email_template, email_context,
+                    'pretix.event.order.email.payment_failed', user=user, auth=auth,
+                )
+
         return True
 
     def confirm(self, count_waitinglist=True, send_mail=True, force=False, user=None, auth=None, mail_text='',
diff --git a/src/pretix/base/settings.py b/src/pretix/base/settings.py
index d4efb2fcd7..bd8d2f28b5 100644
--- a/src/pretix/base/settings.py
+++ b/src/pretix/base/settings.py
@@ -2341,6 +2341,24 @@ missing additional payment of **{pending_sum}**.
 You can view the payment information and the status of your order at
 {url}
 
+Best regards,  
+Your {event} team"""))  # noqa: W291
+    },
+    'mail_subject_order_payment_failed': {
+        'type': LazyI18nString,
+        'default': LazyI18nString.from_gettext(gettext_noop("Payment failed for your order: {code}")),
+    },
+    'mail_text_order_payment_failed': {
+        'type': LazyI18nString,
+        'default': LazyI18nString.from_gettext(gettext_noop("""Hello,
+
+your payment attempt for your order for {event} has failed.
+
+Your order is still valid and you can try to pay again using the same or a different payment method. Please complete your payment before {expire_date}.
+
+You can retry the payment and view the status of your order at
+{url}
+
 Best regards,  
 Your {event} team"""))  # noqa: W291
     },
diff --git a/src/pretix/control/forms/event.py b/src/pretix/control/forms/event.py
index 7740a5144e..1b82f3d634 100644
--- a/src/pretix/control/forms/event.py
+++ b/src/pretix/control/forms/event.py
@@ -1116,6 +1116,16 @@ class MailSettingsForm(SettingsForm):
         help_text=_("This email only applies to payment methods that can receive incomplete payments, "
                     "such as bank transfer."),
     )
+    mail_subject_order_payment_failed = I18nFormField(
+        label=_("Subject"),
+        required=False,
+        widget=I18nTextInput,
+    )
+    mail_text_order_payment_failed = I18nFormField(
+        label=_("Text"),
+        required=False,
+        widget=I18nTextarea,
+    )
     mail_subject_waiting_list = I18nFormField(
         label=_("Subject"),
         required=False,
@@ -1289,6 +1299,8 @@ class MailSettingsForm(SettingsForm):
         'mail_subject_order_pending_warning': ['event', 'order'],
         'mail_text_order_incomplete_payment': ['event', 'order', 'pending_sum'],
         'mail_subject_order_incomplete_payment': ['event', 'order'],
+        'mail_text_order_payment_failed': ['event', 'order'],
+        'mail_subject_order_payment_failed': ['event', 'order'],
         'mail_text_order_custom_mail': ['event', 'order'],
         'mail_text_download_reminder': ['event', 'order'],
         'mail_subject_download_reminder': ['event', 'order'],
diff --git a/src/pretix/control/logdisplay.py b/src/pretix/control/logdisplay.py
index ec6a4600e2..c2d96b65cd 100644
--- a/src/pretix/control/logdisplay.py
+++ b/src/pretix/control/logdisplay.py
@@ -433,6 +433,7 @@ def pretixcontrol_logentry_display(sender: Event, logentry: LogEntry, **kwargs):
                                                                     'the order has been received and requires '
                                                                     'approval.'),
         'pretix.event.order.email.resend': _('An email with a link to the order detail page has been resent to the user.'),
+        'pretix.event.order.email.payment_failed': _('An email has been sent to notify the user that the payment failed.'),
         'pretix.event.order.payment.confirmed': _('Payment {local_id} has been confirmed.'),
         'pretix.event.order.payment.canceled': _('Payment {local_id} has been canceled.'),
         'pretix.event.order.payment.canceled.failed': _('Canceling payment {local_id} has failed.'),
diff --git a/src/pretix/control/templates/pretixcontrol/event/mail.html b/src/pretix/control/templates/pretixcontrol/event/mail.html
index 763e4f8588..5006c7b058 100644
--- a/src/pretix/control/templates/pretixcontrol/event/mail.html
+++ b/src/pretix/control/templates/pretixcontrol/event/mail.html
@@ -105,6 +105,9 @@
                     {% blocktrans asvar title_payment_reminder %}Payment reminder{% endblocktrans %}
                     {% include "pretixcontrol/event/mail_settings_fragment.html" with pid="order_expirew" title=title_payment_reminder items="mail_days_order_expire_warning,mail_subject_order_expire_warning,mail_text_order_expire_warning,mail_subject_order_pending_warning,mail_text_order_pending_warning,mail_subject_order_incomplete_payment,mail_text_order_incomplete_payment" exclude="mail_days_order_expire_warning" %}
 
+                    {% blocktrans asvar title_payment_failed %}Payment failed{% endblocktrans %}
+                    {% include "pretixcontrol/event/mail_settings_fragment.html" with pid="payment_failed" title=title_payment_failed items="mail_subject_order_payment_failed,mail_text_order_payment_failed" %}
+
                     {% blocktrans asvar title_waiting_list_notification %}Waiting list notification{% endblocktrans %}
                     {% include "pretixcontrol/event/mail_settings_fragment.html" with pid="waiting_list" title=title_waiting_list_notification items="mail_subject_waiting_list,mail_text_waiting_list" %}
 
diff --git a/src/tests/base/test_orders.py b/src/tests/base/test_orders.py
index 0689352155..8745697a27 100644
--- a/src/tests/base/test_orders.py
+++ b/src/tests/base/test_orders.py
@@ -704,6 +704,47 @@ class PaymentReminderTests(TestCase):
         assert len(djmail.outbox) == 0
 
 
+class PaymentFailedTests(TestCase):
+    def setUp(self):
+        super().setUp()
+        self.o = Organizer.objects.create(name='Dummy', slug='dummy')
+        with scope(organizer=self.o):
+            self.event = Event.objects.create(
+                organizer=self.o, name='Dummy', slug='dummy',
+                date_from=now() + timedelta(days=2),
+                plugins='pretix.plugins.banktransfer'
+            )
+            self.order = Order.objects.create(
+                code='FOO', event=self.event, email='dummy@dummy.test',
+                status=Order.STATUS_PENDING, locale='en',
+                datetime=now() - timedelta(hours=4),
+                expires=now() - timedelta(hours=4) + timedelta(days=10),
+                total=Decimal('46.00'),
+            )
+            self.ticket = Item.objects.create(event=self.event, name='Early-bird ticket',
+                                              default_price=Decimal('23.00'), admission=True)
+            self.op1 = OrderPosition.objects.create(
+                order=self.order, item=self.ticket, variation=None,
+                price=Decimal("23.00"), attendee_name_parts={'full_name': "Peter"}, positionid=1
+            )
+            djmail.outbox = []
+
+    @classscope(attr='o')
+    def test_send_payment_fail_mail(self):
+        payment = self.order.payments.create(state=OrderPayment.PAYMENT_STATE_PENDING, amount=self.order.total)
+        payment.save()
+        payment.fail()
+        assert len(djmail.outbox) == 1
+        assert "fail" in djmail.outbox[0].subject
+
+    @classscope(attr='o')
+    def test_no_payment_fail_mail_setting(self):
+        payment = self.order.payments.create(state=OrderPayment.PAYMENT_STATE_PENDING, amount=self.order.total)
+        payment.save()
+        payment.fail(send_mail=False)
+        assert len(djmail.outbox) == 0
+
+
 class DownloadReminderTests(TestCase):
     def setUp(self):
         super().setUp()