OnlyFans postpones sex ban

OnlyFans is one of the most popular pay-per-view platforms for porn. As of October 1, they were supposed to be banned – blame the banks, says OnlyFans founder Tim Stokely. After all: the ban has since been postponed.

The platform OnlyFans had spoiled the summer vacation of many of its creators (the term for those who post content for payment). The background: from October 1 of this year, material with explicit sexual content should no longer be seen there. However, the majority of creators at OnlyFans do exactly that, in many cases even as their main source of income.

With around 130 million active users, OnlyFans ranks right at the top in the followers’ favor. The sex ban is also likely to have an impact on the platform’s revenue; OnlyFans keeps a 20 percent commission from what those fans pay to their favorites.

The protests of fans and content producers have now borne fruit, at least in the short term: OnlyFans announced the postponement of the porn ban on Twitter.

Thank you to everyone who made their voices heard. We have received the assurances we need to support our diverse creative community and have suspended the planned policy change as of October 1. OnlyFans stands for inclusion and we will continue to provide a home for all creatives.

The platform has announced it will send an official email to creators in a timely manner. As we all know, suspended does not mean cancelled – this has also been noticed by many sex workers who commented on the tweet.

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OnlyFans CEO feels unfairly treated by banks

Meanwhile, the founder and CEO of OnlyFans, Tim Stokely, is shirking his responsibilities. Speaking to the Financial Times, he blames “unfair” treatment of his banks for the sudden porn exit. To be sure, nudity should remain allowed. But that alone is not enough for creators or followers. The banks Stokely is talking about are obviously worried about their reputations. No one wants to be accused of supporting a porn platform. Without cooperating banks, the OnlyFans boss says, creators wouldn’t get their money either:

We pay over one million creators over $300 million every month .To ensure that this money gets to the creators, we need to engage the banking sector.

The Bank of New York Mellon, in particular, had “flagged and rejected” every wire transfer associated with the company, which of course makes payments to creators difficult.

Metro Bank of the UK and JPMorgan Chase of the US apparently feel similarly. However, Stokely also argues that OnlyFans’ reputation is better than these financial institutions think. Pornography is not illegal, after all. Stokely denied reports that <a href=”https://www.mastercard.com/news/perspectives/2021/protecting-our-network-protecting-you-preventing-illegal-adult-content-on-our-network/” target=”_blank” rel=”noopener”>Mastercard had been the driving force for the platform to ban sexual content from October 1. At the credit card provider, different rules for “special merchants” will also apply from this date. The suspicion also arose because Mastercard, together with Visa, already played the moralizer in the case of Pornhub. Since then, the platform only accepts cryptocurrencies.