This incident has been resolved.

On Friday, a temporary system issue caused some members to receive an incorrect email notification stating that their Peloton Membership payment had failed. We can confirm this issue has been fully resolved, and all affected payments have since been processed successfully. If you received a notification on Friday or have any questions regarding your account, you can verify your current membership status anytime by visiting My Membership: https://account.onepeloton.com/mymembership