Patreon, Platform for Creators, Disables Payouts After ‘Issue’ With Payoneer System

1 year ago

Patreon, a subscription-based level that connects contented creators with their supporters, said that it has identified an contented with its Payoneer payouts strategy and has temporarily disabled payouts to creators.

According to Patreon’s X relationship (formerly Twitter), the contented was identified Aug. 2. The institution said it would supply an update connected Thursday by 10 a.m. Pacific clip (1 p.m. ET).

Crypto developers show payments glitches connected large platforms partially due to the fact that a cardinal premise of the blockchain manufacture is to physique infrastructure that improves connected the existent options.

“An unrelated contented is causing a somewhat higher-than-normal fig of patron payments to beryllium erroneously flagged arsenic fraudulent by their banks,” according to the Patreon Status relationship connected X. “We’re atrocious for the inconvenience this whitethorn origin creators and their patrons. We are moving diligently with our partners to resoluteness this.”

Members of Patreon started to announcement that the payments strategy had failed connected Wednesday, and users connected Nitter, an open-source alternate to Twitter, and Reddit shared that they were experiencing failures.

“Hey, if you're a Patreon creator and are confused arsenic to wherefore a clump of your income vanished, it's due to the fact that Patreon's strategy appears to person wholly collapsed,” a idiosyncratic by the sanction of @JasonKPargin shared implicit Nitter.

Edited by Bradley Keoun.

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