diff --git a/src/payment/PageLoading.jsx b/src/payment/PageLoading.jsx
index 15e55c167..de61fb2b7 100644
--- a/src/payment/PageLoading.jsx
+++ b/src/payment/PageLoading.jsx
@@ -1,7 +1,5 @@
 import React, { Component } from 'react';
 import PropTypes from 'prop-types';
-import { getConfig } from '@edx/frontend-platform';
-import { logInfo } from '@edx/frontend-platform/logging';
 
 export default class PageLoading extends Component {
   renderSrMessage() {
@@ -17,17 +15,6 @@ export default class PageLoading extends Component {
   }
 
   render() {
-    const { shouldRedirectToReceipt, orderNumber } = this.props;
-
-    if (shouldRedirectToReceipt) {
-      logInfo(`Dynamic Payment Methods payment succeeded for edX order number ${orderNumber}, redirecting to ecommerce receipt page.`);
-      const queryParams = `order_number=${orderNumber}&disable_back_button=${Number(true)}&dpm_enabled=${true}`;
-      if (getConfig().ENVIRONMENT !== 'test') {
-        /* istanbul ignore next */
-        global.location.assign(`${getConfig().ECOMMERCE_BASE_URL}/checkout/receipt/?${queryParams}`);
-      }
-    }
-
     return (
       <div>
         <div
@@ -47,11 +34,4 @@ export default class PageLoading extends Component {
 
 PageLoading.propTypes = {
   srMessage: PropTypes.string.isRequired,
-  shouldRedirectToReceipt: PropTypes.bool,
-  orderNumber: PropTypes.string,
-};
-
-PageLoading.defaultProps = {
-  shouldRedirectToReceipt: false,
-  orderNumber: null,
 };
diff --git a/src/payment/PageLoadingDynamicPaymentMethods.jsx b/src/payment/PageLoadingDynamicPaymentMethods.jsx
new file mode 100644
index 000000000..dc68a1b03
--- /dev/null
+++ b/src/payment/PageLoadingDynamicPaymentMethods.jsx
@@ -0,0 +1,58 @@
+import React, { useEffect } from 'react';
+import PropTypes from 'prop-types';
+import { getConfig } from '@edx/frontend-platform';
+import { logInfo } from '@edx/frontend-platform/logging';
+
+const PageLoadingDynamicPaymentMethods = ({ srMessage, orderNumber }) => {
+  useEffect(() => {
+    const timer = setTimeout(() => {
+      logInfo(`Dynamic Payment Methods payment succeeded for edX order number ${orderNumber}, redirecting to ecommerce receipt page.`);
+      const queryParams = `order_number=${orderNumber}&disable_back_button=${Number(true)}&dpm_enabled=${true}`;
+
+      if (getConfig().ENVIRONMENT !== 'test') {
+        /* istanbul ignore next */
+        global.location.assign(`${getConfig().ECOMMERCE_BASE_URL}/checkout/receipt/?${queryParams}`);
+      }
+    }, 3000); // Delay the redirect to receipt page by 3 seconds to make sure ecomm order fulfillment is done.
+
+    return () => clearTimeout(timer); // On unmount, clear the timer
+  }, [srMessage, orderNumber]);
+
+  const renderSrMessage = () => {
+    if (!srMessage) {
+      return null;
+    }
+
+    return (
+      <span className="sr-only">
+        {srMessage}
+      </span>
+    );
+  };
+
+  return (
+    <div>
+      <div
+        className="d-flex justify-content-center align-items-center flex-column"
+        style={{
+          height: '50vh',
+        }}
+      >
+        <div className="spinner-border text-primary" data-testid="loading-page" role="status">
+          {renderSrMessage()}
+        </div>
+      </div>
+    </div>
+  );
+};
+
+PageLoadingDynamicPaymentMethods.propTypes = {
+  srMessage: PropTypes.string.isRequired,
+  orderNumber: PropTypes.string,
+};
+
+PageLoadingDynamicPaymentMethods.defaultProps = {
+  orderNumber: null,
+};
+
+export default PageLoadingDynamicPaymentMethods;
diff --git a/src/payment/PageLoadingDynamicPaymentMethods.test.jsx b/src/payment/PageLoadingDynamicPaymentMethods.test.jsx
new file mode 100644
index 000000000..192fd2e75
--- /dev/null
+++ b/src/payment/PageLoadingDynamicPaymentMethods.test.jsx
@@ -0,0 +1,77 @@
+import React from 'react';
+import { createStore } from 'redux';
+import { Provider } from 'react-redux';
+import { render, act } from '@testing-library/react';
+import { IntlProvider } from '@edx/frontend-platform/i18n';
+import { logInfo } from '@edx/frontend-platform/logging';
+
+import createRootReducer from '../data/reducers';
+import PageLoadingDynamicPaymentMethods from './PageLoadingDynamicPaymentMethods';
+
+jest.mock('@edx/frontend-platform/logging', () => ({
+  logInfo: jest.fn(),
+}));
+
+describe('PageLoadingDynamicPaymentMethods', () => {
+  let store;
+
+  beforeEach(() => {
+    store = createStore(createRootReducer());
+    jest.useFakeTimers();
+    jest.clearAllMocks();
+  });
+
+  afterEach(() => {
+    jest.runOnlyPendingTimers();
+    jest.useRealTimers();
+  });
+
+  it('renders <PageLoadingDynamicPaymentMethods />', () => {
+    const component = (
+      <IntlProvider locale="en">
+        <Provider store={store}>
+          <PageLoadingDynamicPaymentMethods
+            srMessage=""
+            orderNumber="EDX-100001"
+          />
+        </Provider>
+      </IntlProvider>
+    );
+    const { container: tree } = render(component);
+    expect(tree).toMatchSnapshot();
+  });
+
+  it('it redirects to receipt page after 3 seconds delay', () => {
+    const orderNumber = 'EDX-100001';
+    const logMessage = `Dynamic Payment Methods payment succeeded for edX order number ${orderNumber}, redirecting to ecommerce receipt page.`;
+    render(
+      <IntlProvider locale="en">
+        <Provider store={store}>
+          <PageLoadingDynamicPaymentMethods
+            srMessage=""
+            orderNumber={orderNumber}
+          />
+        </Provider>
+      </IntlProvider>,
+    );
+
+    act(() => {
+      jest.advanceTimersByTime(3000);
+    });
+    expect(logInfo).toHaveBeenCalledWith(expect.stringMatching(logMessage));
+  });
+
+  it('cleans up the timer on unmount', () => {
+    const { unmount } = render(
+      <PageLoadingDynamicPaymentMethods
+        srMessage=""
+        orderNumber="EDX-100001"
+      />,
+    );
+    unmount();
+    act(() => {
+      jest.advanceTimersByTime(3000);
+    });
+    expect(logInfo).not.toHaveBeenCalled();
+  });
+});
diff --git a/src/payment/PaymentPage.jsx b/src/payment/PaymentPage.jsx
index f0902f38e..bdf43cd4a 100644
--- a/src/payment/PaymentPage.jsx
+++ b/src/payment/PaymentPage.jsx
@@ -26,6 +26,7 @@ import EmptyCartMessage from './EmptyCartMessage';
 import Cart from './cart/Cart';
 import Checkout from './checkout/Checkout';
 import { FormattedAlertList } from '../components/formatted-alert-list/FormattedAlertList';
+import PageLoadingDynamicPaymentMethods from './PageLoadingDynamicPaymentMethods';
 
 class PaymentPage extends React.Component {
   constructor(props) {
@@ -113,9 +114,8 @@ class PaymentPage extends React.Component {
     // lag between when the paymentStatus is no longer null but the redirect hasn't happened yet.
     if (shouldRedirectToReceipt) {
       return (
-        <PageLoading
+        <PageLoadingDynamicPaymentMethods
           srMessage={this.props.intl.formatMessage(messages['payment.loading.payment'])}
-          shouldRedirectToReceipt={shouldRedirectToReceipt}
           orderNumber={orderNumber}
         />
       );
diff --git a/src/payment/__snapshots__/PageLoadingDynamicPaymentMethods.test.jsx.snap b/src/payment/__snapshots__/PageLoadingDynamicPaymentMethods.test.jsx.snap
new file mode 100644
index 000000000..c3dda9f75
--- /dev/null
+++ b/src/payment/__snapshots__/PageLoadingDynamicPaymentMethods.test.jsx.snap
@@ -0,0 +1,18 @@
+// Jest Snapshot v1, https://goo.gl/fbAQLP
+
+exports[`PageLoadingDynamicPaymentMethods renders <PageLoadingDynamicPaymentMethods /> 1`] = `
+<div>
+  <div>
+    <div
+      class="d-flex justify-content-center align-items-center flex-column"
+      style="height: 50vh;"
+    >
+      <div
+        class="spinner-border text-primary"
+        data-testid="loading-page"
+        role="status"
+      />
+    </div>
+  </div>
+</div>
+`;