diff --git a/changelog.txt b/changelog.txt
index b6b96b5cc..24a2e1bb1 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,5 +1,8 @@
 *** Changelog ***
 
+= 8.8.2 - xxxx-xx-xx =
+* Fix - Prevent marking renewal orders as processing/completed multiple times due to handling the Stripe webhook in parallel.
+
 = 8.8.1 - 2024-10-28 =
 * Tweak - Disables APMs when using the legacy checkout experience due Stripe deprecation by October 29, 2024.
 * Fix - Prevent marking orders on-hold with order note "Process order to take payment" when the payment has failed.
diff --git a/includes/compat/trait-wc-stripe-subscriptions.php b/includes/compat/trait-wc-stripe-subscriptions.php
index 357ea0cd4..4811e834b 100644
--- a/includes/compat/trait-wc-stripe-subscriptions.php
+++ b/includes/compat/trait-wc-stripe-subscriptions.php
@@ -499,11 +499,6 @@ public function process_subscription_payment( $amount, $renewal_order, $retry =
 
 				throw new WC_Stripe_Exception( print_r( $response, true ), $localized_message );
 			}
-
-			// TODO: Remove when SEPA is migrated to payment intents.
-			if ( 'stripe_sepa' !== $this->id ) {
-				$this->unlock_order_payment( $renewal_order );
-			}
 		} catch ( WC_Stripe_Exception $e ) {
 			WC_Stripe_Logger::log( 'Error: ' . $e->getMessage() );
 
@@ -511,6 +506,8 @@ public function process_subscription_payment( $amount, $renewal_order, $retry =
 
 			/* translators: error message */
 			$renewal_order->update_status( 'failed' );
+			$this->unlock_order_payment( $renewal_order );
+
 			return;
 		}
 
@@ -561,6 +558,8 @@ public function process_subscription_payment( $amount, $renewal_order, $retry =
 
 			do_action( 'wc_gateway_stripe_process_payment_error', $e, $renewal_order );
 		}
+
+		$this->unlock_order_payment( $renewal_order );
 	}
 
 	/**
diff --git a/readme.txt b/readme.txt
index de57cf1d8..6e00ab3f1 100644
--- a/readme.txt
+++ b/readme.txt
@@ -110,11 +110,7 @@ If you get stuck, you can ask for help in the [Plugin Forum](https://wordpress.o
 
 == Changelog ==
 
-= 8.8.1 - 2024-10-28 =
-* Tweak - Disables APMs when using the legacy checkout experience due Stripe deprecation by October 29, 2024.
-* Fix - Prevent marking orders on-hold with order note "Process order to take payment" when the payment has failed.
-* Fix - Prevent subscriptions from being marked as "Pending" when a customer attempts to change their payment method to a declining card.
-* Fix - Delay updating the subscription's payment method until after the intent is confirmed when using the new checkout experience.
-* Fix - Display a success notice to customers after successfully changing their subscription payment method to a card that required 3DS authentication.
+= 8.8.2 - xxxx-xx-xx =
+* Fix - Prevent marking renewal orders as processing/completed multiple times due to handling the Stripe webhook in parallel.
 
 [See changelog for all versions](https://raw.githubusercontent.com/woocommerce/woocommerce-gateway-stripe/trunk/changelog.txt).