diff --git a/src/components/MoneyRequestHeader.js b/src/components/MoneyRequestHeader.js
index 7a9690e5fe1e..3f8a074e0bbb 100644
--- a/src/components/MoneyRequestHeader.js
+++ b/src/components/MoneyRequestHeader.js
@@ -84,8 +84,8 @@ const MoneyRequestHeader = (props) => {
         ? ReportUtils.getWorkspaceAvatar(moneyRequestReport)
         : ReportUtils.getAvatar(lodashGet(props.personalDetails, [moneyRequestReport.managerEmail, 'avatar']), moneyRequestReport.managerEmail);
     const policy = props.policies[`${ONYXKEYS.COLLECTION.POLICY}${props.report.policyID}`];
-    const shouldShowSettlementButton =
-        !isSettled && (Policy.isAdminOfFreePolicy([policy]) || (ReportUtils.isMoneyRequestReport(props.report) && lodashGet(props.session, 'email', null) === props.report.managerEmail));
+    const isPayer = Policy.isAdminOfFreePolicy([policy]) || (ReportUtils.isMoneyRequestReport(props.report) && lodashGet(props.session, 'email', null) === props.report.managerEmail);
+    const shouldShowSettlementButton = !isSettled && !props.isSingleTransactionView && isPayer;
     return (
         <View style={[{backgroundColor: themeColors.highlightBG}, styles.pl0]}>
             <HeaderWithCloseButton
@@ -149,7 +149,7 @@ const MoneyRequestHeader = (props) => {
                                     currency={props.report.currency}
                                     policyID={props.report.policyID}
                                     shouldShowPaypal={Boolean(lodashGet(props.personalDetails, [moneyRequestReport.managerEmail, 'payPalMeAddress']))}
-                                    chatReportID={props.report.chatReportID}
+                                    chatReportID={props.chatReport.reportID}
                                     iouReport={props.report}
                                     onPress={(paymentType) => IOU.payMoneyRequest(paymentType, props.chatReport, props.report)}
                                     enablePaymentsRoute={ROUTES.BANK_ACCOUNT_NEW}
diff --git a/src/components/ReportActionItem/ReportPreview.js b/src/components/ReportActionItem/ReportPreview.js
index 814a38dba5b5..f9aa62c5b7cd 100644
--- a/src/components/ReportActionItem/ReportPreview.js
+++ b/src/components/ReportActionItem/ReportPreview.js
@@ -100,7 +100,7 @@ const ReportPreview = (props) => {
     const isCurrentUserManager = managerEmail === lodashGet(props.session, 'email', null);
     return (
         <View style={[styles.chatItemMessage, styles.mt4]}>
-            {_.map(props.action.message, (index) => (
+            {_.map(props.action.message, (message, index) => (
                 <Pressable
                     key={`ReportPreview-${props.action.reportActionID}-${index}`}
                     onPress={() => {
@@ -114,10 +114,12 @@ const ReportPreview = (props) => {
                 >
                     <View style={[styles.flexShrink1]}>
                         {props.iouReport.hasOutstandingIOU ? (
-                            <Text style={[styles.chatItemMessage, styles.cursorPointer]}>{props.translate('iou.payerOwesAmount', {payer: managerName, amount: reportAmount})}</Text>
+                            <Text style={[styles.chatItemMessage, styles.cursorPointer]}>
+                                {lodashGet(message, 'html', props.translate('iou.payerOwesAmount', {payer: managerName, amount: reportAmount}))}
+                            </Text>
                         ) : (
                             <View style={[styles.flexRow]}>
-                                <Text style={[styles.chatItemMessage, styles.cursorPointer]}>{props.translate('iou.payerSettled', {amount: reportAmount})}</Text>
+                                <Text style={[styles.chatItemMessage, styles.cursorPointer]}>{lodashGet(message, 'html', props.translate('iou.payerSettled', {amount: reportAmount}))}</Text>
                                 {!props.iouReport.hasOutstandingIOU && (
                                     <Icon
                                         style={[styles.ml10]}
diff --git a/src/libs/ReportUtils.js b/src/libs/ReportUtils.js
index d17d83c185bf..6122701476f7 100644
--- a/src/libs/ReportUtils.js
+++ b/src/libs/ReportUtils.js
@@ -1383,9 +1383,10 @@ function getIOUReportActionMessage(type, total, comment, currency, paymentType =
  * @param {String} [paymentType] - Only required if the IOUReportAction type is 'pay'. Can be oneOf(elsewhere, payPal, Expensify).
  * @param {String} [iouReportID] - Only required if the IOUReportActions type is oneOf(decline, cancel, pay). Generates a randomID as default.
  * @param {Boolean} [isSettlingUp] - Whether we are settling up an IOU.
+ * @param {Boolean} [isSendMoneyFlow] - Whether this is send money flow
  * @returns {Object}
  */
-function buildOptimisticIOUReportAction(type, amount, currency, comment, participants, transactionID, paymentType = '', iouReportID = '', isSettlingUp = false) {
+function buildOptimisticIOUReportAction(type, amount, currency, comment, participants, transactionID, paymentType = '', iouReportID = '', isSettlingUp = false, isSendMoneyFlow = false) {
     const IOUReportID = iouReportID || generateReportID();
     const parser = new ExpensiMark();
     const commentText = getParsedComment(comment);
@@ -1401,7 +1402,7 @@ function buildOptimisticIOUReportAction(type, amount, currency, comment, partici
     };
 
     // We store amount, comment, currency in IOUDetails when type = pay
-    if (type === CONST.IOU.REPORT_ACTION_TYPE.PAY) {
+    if (type === CONST.IOU.REPORT_ACTION_TYPE.PAY && isSendMoneyFlow) {
         _.each(['amount', 'comment', 'currency'], (key) => {
             delete originalMessage[key];
         });
diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index 33af1acd67c5..ccc133cc56bd 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -882,6 +882,8 @@ function getSendMoneyParams(report, amount, currency, comment, paymentMethodType
         optimisticTransaction.transactionID,
         paymentMethodType,
         optimisticIOUReport.reportID,
+        false,
+        true,
     );
 
     // First, add data that will be used in all cases
@@ -1014,7 +1016,6 @@ function getSendMoneyParams(report, amount, currency, comment, paymentMethodType
  * @returns {Object}
  */
 function getPayMoneyRequestParams(chatReport, iouReport, recipient, paymentMethodType) {
-    const reportPreviewAction = ReportActionsUtils.getReportPreviewAction(chatReport.reportID, iouReport.reportID);
     const optimisticTransaction = TransactionUtils.buildOptimisticTransaction(iouReport.total, iouReport.currency, iouReport.reportID);
     const optimisticIOUReportAction = ReportUtils.buildOptimisticIOUReportAction(
         CONST.IOU.REPORT_ACTION_TYPE.PAY,
@@ -1042,15 +1043,6 @@ function getPayMoneyRequestParams(chatReport, iouReport, recipient, paymentMetho
                 lastMessageHtml: optimisticIOUReportAction.message[0].html,
             },
         },
-        {
-            onyxMethod: Onyx.METHOD.MERGE,
-            key: `${ONYXKEYS.COLLECTION.REPORT_ACTIONS}${chatReport.reportID}`,
-            value: {
-                [reportPreviewAction.reportActionID]: {
-                    created: DateUtils.getDBTime(),
-                },
-            },
-        },
         {
             onyxMethod: Onyx.METHOD.MERGE,
             key: `${ONYXKEYS.COLLECTION.REPORT_ACTIONS}${iouReport.reportID}`,
@@ -1104,15 +1096,6 @@ function getPayMoneyRequestParams(chatReport, iouReport, recipient, paymentMetho
     ];
 
     const failureData = [
-        {
-            onyxMethod: Onyx.METHOD.MERGE,
-            key: `${ONYXKEYS.COLLECTION.REPORT_ACTIONS}${chatReport.reportID}`,
-            value: {
-                [reportPreviewAction.reportActionID]: {
-                    created: reportPreviewAction.created,
-                },
-            },
-        },
         {
             onyxMethod: Onyx.METHOD.MERGE,
             key: `${ONYXKEYS.COLLECTION.REPORT_ACTIONS}${iouReport.reportID}`,
diff --git a/src/pages/home/report/ReportActionItem.js b/src/pages/home/report/ReportActionItem.js
index 41fcf102a138..e0749f698444 100644
--- a/src/pages/home/report/ReportActionItem.js
+++ b/src/pages/home/report/ReportActionItem.js
@@ -193,11 +193,10 @@ class ReportActionItem extends Component {
             originalMessage &&
             (originalMessage.type === CONST.IOU.REPORT_ACTION_TYPE.CREATE ||
                 originalMessage.type === CONST.IOU.REPORT_ACTION_TYPE.SPLIT ||
-                (originalMessage.type === CONST.IOU.REPORT_ACTION_TYPE.PAY && originalMessage.IOUDetails))
+                (originalMessage.type === CONST.IOU.REPORT_ACTION_TYPE.PAY && _.has(originalMessage, 'IOUDetails')))
         ) {
             // There is no single iouReport for bill splits, so only 1:1 requests require an iouReportID
             const iouReportID = originalMessage.IOUReportID ? originalMessage.IOUReportID.toString() : '0';
-
             children = (
                 <MoneyRequestAction
                     chatReportID={this.props.report.reportID}