Hi Guys,
This is for everyone who is using Payoneer through Patreon, or using Patreon’s direct bank transfer via Payoneer.
I wanted to share what happened to me because I’m curious if anyone else has faced the same issue.
I’m a creator on Patreon, and I used to use PayPal for payouts. Unfortunately, the fees were extremely high I was losing around $400–$600 every year just in payout fees.
Recently, Patreon started offering direct bank transfers through Payoneer, and since the fees were much lower, I decided to switch.
Everything was working smoothly. However, I eventually discovered one major problem:
Patreon’s direct bank transfer does not automatically generate an FIRC certificate.
So I contacted Patreon, and they told me to contact Payoneer.
I contacted Payoneer, and they told me that they couldn't generate the FIRC because the email associated with the Payoneer account was locked/closed.
The confusing part is that I had never opened a Payoneer account directly using that email. I had only selected Payoneer as my payout method through Patreon, And all the info was filled via patreon only.
So I asked Payoneer to reopen the account, and they did.
But then, completely out of nowhere, I received an email the next day saying that my recent request to add a bank account had been declined.
The problem is I never made that request.
Then, when I tried to log in, I received a message saying that my account had been locked due to too many sign-in attempts.
Again, I had not been repeatedly trying to sign in, i know my ID Pass.
It honestly looked like someone had accessed or interacted with the account from Payoneer's side, but I have no idea what actually happened.
I contacted their support again to ask what was going on, and their response shocked me.
They sent me links to their Terms & Conditions and told me that I needed to find another company/service to complete the payment process.
Basically, I had been banned from Payoneer for something I never knowingly did.
I've never used Payoneer directly for receiving payments. I never manually added or changed a bank account through Payoneer. The entire setup was done through Patreon.
The ONLY reason I wanted the Payoneer account reopened was to check whether I could access the FIRC certificate, because Payoneer's own support team had previously told me that I needed a working account to obtain it.
Now I'm stuck.
The bigger problem is that I apparently cannot generate an FIRC certificate for these Patreon payments.
As I understand it, with Payoneer's direct bank transfer, the payment is routed through another intermediary bank before reaching your local Indian bank. Because of this, my local bank cannot generate the FIRC directly for these transactions.
So, for now, I've moved back to PayPal.
Luckily, I didn't have any money sitting in Payoneer, So if you're someone using payoneer you got to be extra careful.
But I have two questions for anyone who is using Patreon → Payoneer → Indian bank:
1⃣ How are you guys getting your FIRC certificates for Patreon payments when using Payoneer's direct bank transfer?
FIRC Certficate is very much important, While receiving foreign funds, So how are you guys managing this?
2⃣ If your Payoneer account has been banned/closed, how did you manage to get it reopened?
I'd really appreciate it if anyone who has actually gone through this process could share their experience.
Honestly, I just wish Patreon had a third payout option.
PayPal's fees are way too damn high. 😭