OnlyFans Drops Planned Porn Ban, Will Allow Sexually Explicit Content after banks back down after shaming

OnlyFans dropped plans to ban pornography from its service, less than a week after the U.K. content-creator subscription site had announced the change citing the need to comply with policies of banking partners.

On Wednesday, the company said it “secured assurances necessary to support our diverse creator community,” suggesting that it has new agreements with banks to pay OnlyFans’ content creators, including those who share sexually explicit material.

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An OnlyFans spokesperson declined to say which bank or banks it has new or renewed payment-processing agreements with. “The proposed Oct. 1, 2021 changes are no longer required due to banking partners’ assurances that OnlyFans can support all genres of creators,” the rep said.

 

 

So was this all much ado about nothing?

OnlyFans may have been able to resolve its conflict with banks, some of which had refused to do business with the site, by going public with the issue — and publicizing the large amount of money that flows through the site, on the order of $300 million in payouts per month.

OnlyFans founder and CEO Tim Stokely put the blame for the porn ban on banks in an interview with the Financial Times published Aug. 24, saying that banks including JP Morgan Chase, Bank of New York Mellon and the U.K.’s Metro Bank had cut off OnlyFans’ ability to pay creators.

The furious backlash among OnlyFans creators also certainly pushed the company to quickly resolve the problem. OnlyFans’ decision to ban porn had infuriated sex workers who have relied on the site to support themselves. In frustration, some adult creators had already nixed their OnlyFans pages and moved to alternate platforms.

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Source: OnlyFans Drops Planned Porn Ban, Will Allow Sexually Explicit Content – Variety

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