Reset failed payout status for CT on Order status toggle

functions.php

<?php

add_action( 'woocommerce_order_status_changed', 'rt_ct_reset_failed_payouts', 9, 4 );

function rt_ct_reset_failed_payouts( $order_id, $status_from, $status_to, $order ) {
	if ( 'completed' === $status_to ) {
		$payouts = tribe_payouts();

		// Get payouts by Order ID.
		$payouts->by( 'order', $order_id );

		// Get payouts by failed status.
		$payouts->by( 'status', \Tribe\Community\Tickets\Payouts::STATUS_FAILED );

		// Update those payouts to pending status.
		$payouts->set( 'status', \Tribe\Community\Tickets\Payouts::STATUS_PENDING );

		// Save the changes to the payouts.
		$payouts->save();
	}
}