diff --git a/db/migrate/20210227144926_migrate_payment_fees_to_payments.rb b/db/migrate/20210227144926_migrate_payment_fees_to_payments.rb
new file mode 100644
index 0000000000..5cd9c24ace
--- /dev/null
+++ b/db/migrate/20210227144926_migrate_payment_fees_to_payments.rb
@@ -0,0 +1,22 @@
+class MigratePaymentFeesToPayments < ActiveRecord::Migration
+  class Spree::Adjustment < ActiveRecord::Base
+    belongs_to :originator, polymorphic: true
+  end
+
+  def up
+    # Payment fee adjustments currently have the order as the `adjustable` and the payment as
+    # the `source`. Both `source` and `adjustable` will now be the payment. The `originator` is
+    # the payment method, and this is unchanged.
+    Spree::Adjustment.where(originator_type: 'Spree::PaymentMethod').update_all(
+      "adjustable_id = source_id, adjustable_type = 'Spree::Payment'"
+    )
+  end
+
+  def down
+    # Just in case: reversing this migration requires setting the `adjustable` back to the order.
+    # The type is 'Spree::Order', and the order's id is still available on the `order_id` field.
+    Spree::Adjustment.where(originator_type: 'Spree::PaymentMethod').update_all(
+      "adjustable_id = order_id, adjustable_type = 'Spree::Order'"
+    )
+  end
+end