The 2020 Payback was the sixth Payback professional wrestling pay-per-view (PPV) and livestreaming event produced by WWE. It was held for wrestlers from the promotion's Raw and SmackDown brand divisions. The event took place on August 30, 2020, from the WWE ThunderDome, hosted at the Amway Center in Orlando, Florida. It was the first Payback held since 2017 and the final until 2023. The theme of the event was wrestlers seeking payback against their opponents.

Eight matches were contested at the event, including one on the Kickoff pre-show. In the main event, a returning Roman Reigns, in his first match since February 2020, defeated defending champion "The Fiend" Bray Wyatt and Braun Strowman, who Reigns pinned, in a No Holds Barred triple threat match to win SmackDown's Universal Championship, a reign that would continue until April 7, 2024 and become the tenth longest in the company's history. In the preceding match, Rey Mysterio and Dominik Mysterio defeated Seth Rollins and Murphy. In other prominent matches, Keith Lee defeated Randy Orton, and Nia Jax and Shayna Baszler defeated Bayley and Sasha Banks to win the WWE Women's Tag Team Championship.

This event is notable for marking the beginning of Roman Reigns' second reign as Universal Champion, which stands as the longest reign in the championship's history at 1316 days, the fourth-longest world championship reign in WWE history, and the longest reign for any WWE championship since 1988.