Patreon, a subscription-based platform for content creators and their supporters, has temporarily disabled payouts to creators due to an issue with its Payoneer payouts system. The issue was first identified on August 2. Crypto developers closely monitor payment glitches on major platforms because the blockchain industry aims to build better infrastructure.
Key points:
1. Patreon has identified an issue with its Payoneer payouts system and has temporarily disabled payouts to creators.
2. The issue was identified on August 2 and an update is expected on Thursday.
3. A separate issue is causing some patron payments to be flagged as fraudulent by banks.
4. Users on Nitter and Reddit have reported failures with the payments system.
5. Patreon is working with partners to resolve the issue and apologizes for any inconvenience caused.
Hot Take:
It is crucial for platforms like Patreon to address payment glitches promptly to maintain trust and satisfaction among content creators and their supporters. The blockchain industry’s focus on improving infrastructure highlights the need for stable and reliable platforms for financial transactions.
By
By
By
By
By
By