diff --git a/addons/payment_mercado_pago/const.py b/addons/payment_mercado_pago/const.py
index b67e36befcf..0fa7765d4a4 100644
--- a/addons/payment_mercado_pago/const.py
+++ b/addons/payment_mercado_pago/const.py
@@ -1,5 +1,8 @@
 # Part of Odoo. See LICENSE file for full copyright and licensing details.
 
+from odoo import _
+
+
 # Currency codes of the currencies supported by Mercado Pago in ISO 4217 format.
 # See https://api.mercadopago.com/currencies. Last seen online: 24 November 2022.
 SUPPORTED_CURRENCIES = [
@@ -59,7 +62,54 @@ PAYMENT_METHODS_MAPPING = {
 # Mapping of transaction states to Mercado Pago payment statuses.
 # See https://www.mercadopago.com.mx/developers/en/reference/payments/_payments_id/get.
 TRANSACTION_STATUS_MAPPING = {
-    'pending': ('pending', 'in_process', 'in_mediation'),
+    'pending': ('pending', 'in_process', 'in_mediation', 'authorized'),
     'done': ('approved', 'refunded'),
     'canceled': ('cancelled', 'null'),
+    'error': ('rejected'),
+}
+
+# Mapping of error states to Mercado Pago error messages.
+# See https://www.mercadopago.com.ar/developers/en/docs/checkout-api/response-handling/collection-results
+ERROR_MESSAGE_MAPPING = {
+    'accredited': _(
+        "Your payment has been credited. In your summary you will see the charge as a statement "
+        "descriptor."
+    ),
+    'pending_contingency': _(
+        "We are processing your payment. Don't worry, in less than 2 business days, we will notify "
+        "you by e-mail if your payment has been credited."
+    ),
+    'pending_review_manual': _(
+        "We are processing your payment. Don't worry, less than 2 business days we will notify you "
+        "by e-mail if your payment has been credited or if we need more information."
+    ),
+    'cc_rejected_bad_filled_card_number': _("Check the card number."),
+    'cc_rejected_bad_filled_date': _("Check expiration date."),
+    'cc_rejected_bad_filled_other': _("Check the data."),
+    'cc_rejected_bad_filled_security_code': _("Check the card security code."),
+    'cc_rejected_blacklist': _("We were unable to process your payment, please use another card."),
+    'cc_rejected_call_for_authorize': _("You must authorize the payment with this card."),
+    'cc_rejected_card_disabled': _(
+        "Call your card issuer to activate your card or use another payment method. The phone "
+        "number is on the back of your card."
+    ),
+    'cc_rejected_card_error': _(
+        "We were unable to process your payment, please check your card information."
+    ),
+    'cc_rejected_duplicated_payment': _(
+        "You have already made a payment for that value. If you need to pay again, use another card"
+        " or another payment method."
+    ),
+    'cc_rejected_high_risk': _(
+        "We were unable to process your payment, please use another card."
+    ),
+    'cc_rejected_insufficient_amount': _("Your card has not enough funds."),
+    'cc_rejected_invalid_installments': _(
+        "This payment method does not process payments in installments."
+    ),
+    'cc_rejected_max_attempts': _(
+        "You have reached the limit of allowed attempts. Choose another card or other means of "
+        "payment."
+    ),
+    'cc_rejected_other_reason': _("Payment was not processed, use another card or contact issuer.")
 }
diff --git a/addons/payment_mercado_pago/i18n/payment_mercado_pago.pot b/addons/payment_mercado_pago/i18n/payment_mercado_pago.pot
index db76ca7f9f3..c7df332741a 100644
--- a/addons/payment_mercado_pago/i18n/payment_mercado_pago.pot
+++ b/addons/payment_mercado_pago/i18n/payment_mercado_pago.pot
@@ -20,6 +20,43 @@ msgstr ""
 msgid "Access Token"
 msgstr ""
 
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid ""
+"Call your card issuer to activate your card or use another payment method. "
+"The phone number is on the back of your card."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "Check expiration date."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "Check the card number."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "Check the card security code."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "Check the data."
+msgstr ""
+
 #. module: payment_mercado_pago
 #: model:ir.model.fields,field_description:payment_mercado_pago.field_payment_provider__code
 msgid "Code"
@@ -59,6 +96,13 @@ msgstr ""
 msgid "Payment Transaction"
 msgstr ""
 
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "Payment was not processed, use another card or contact issuer."
+msgstr ""
+
 #. module: payment_mercado_pago
 #. odoo-python
 #: code:addons/payment_mercado_pago/models/payment_transaction.py:0
@@ -107,3 +151,86 @@ msgstr ""
 #: model:ir.model.fields,help:payment_mercado_pago.field_payment_provider__code
 msgid "The technical code of this payment provider."
 msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "This payment method does not process payments in installments."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid ""
+"We are processing your payment. Don't worry, in less than 2 business days, "
+"we will notify you by e-mail if your payment has been credited."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid ""
+"We are processing your payment. Don't worry, less than 2 business days we "
+"will notify you by e-mail if your payment has been credited or if we need "
+"more information."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid ""
+"We were unable to process your payment, please check your card information."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "We were unable to process your payment, please use another card."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid ""
+"You have already made a payment for that value. If you need to pay again, "
+"use another card or another payment method."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid ""
+"You have reached the limit of allowed attempts. Choose another card or other"
+" means of payment."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "You must authorize the payment with this card."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid "Your card has not enough funds."
+msgstr ""
+
+#. module: payment_mercado_pago
+#. odoo-python
+#: code:addons/payment_mercado_pago/const.py:0
+#, python-format
+msgid ""
+"Your payment has been credited. In your summary you will see the charge as a"
+" statement descriptor."
+msgstr ""
diff --git a/addons/payment_mercado_pago/models/payment_transaction.py b/addons/payment_mercado_pago/models/payment_transaction.py
index 5d6fd9e22f7..23416ec0221 100644
--- a/addons/payment_mercado_pago/models/payment_transaction.py
+++ b/addons/payment_mercado_pago/models/payment_transaction.py
@@ -6,7 +6,7 @@ from urllib.parse import quote as url_quote
 
 from werkzeug import urls
 
-from odoo import _, models
+from odoo import _, api, models
 from odoo.exceptions import UserError, ValidationError
 
 from odoo.addons.payment_mercado_pago import const
@@ -182,6 +182,14 @@ class PaymentTransaction(models.Model):
             self._set_done()
         elif payment_status in const.TRANSACTION_STATUS_MAPPING['canceled']:
             self._set_canceled()
+        elif payment_status in const.TRANSACTION_STATUS_MAPPING['error']:
+            status_detail = verified_payment_data.get('status_detail')
+            _logger.warning(
+                "Received data for transaction with reference %s with status %s and error code: %s",
+                self.reference, payment_status, status_detail
+            )
+            error_message = self._mercado_pago_get_error_msg(status_detail)
+            self._set_error(error_message)
         else:  # Classify unsupported payment status as the `error` tx state.
             _logger.warning(
                 "Received data for transaction with reference %s with invalid payment status: %s",
@@ -190,3 +198,15 @@ class PaymentTransaction(models.Model):
             self._set_error(
                 "Mercado Pago: " + _("Received data with invalid status: %s", payment_status)
             )
+
+    @api.model
+    def _mercado_pago_get_error_msg(self, status_detail):
+        """ Return the error message corresponding to the payment status.
+
+        :param str status_detail: The status details sent by the provider.
+        :return: The error message.
+        :rtype: str
+        """
+        return "Mercado Pago: " + const.ERROR_MESSAGE_MAPPING.get(
+            status_detail, const.ERROR_MESSAGE_MAPPING['cc_rejected_other_reason']
+        )