Earlier this month, onlyfans, a website widely used by sex workers to share images and videos with paying subscribers, confirmed that it would ban “sexually explicit content” that had been central to its reputation and business model. OnlyFans, a self-described “subscription” social network, announced last week that it would ban sexually explicit content starting in October. The ban was shocking because, behind the generic brand, it is perceived that such content is the biggest attraction of OnlyFans. OnlyFans was originally a family business, backed by a loan from Stokely's banker father Guy, a former Barclays Bank executive who is still on the board.
OnlyFans Founder and CEO Tim Stokely Says Banks Were Behind Fundraising Platform's Recent Ban on Sexually Explicit Content So What's Allowed? It seems that OnlyFans will continue to allow most nude images, as long as they are not “extreme or offensive”, but will ban anything else that it might consider pornographic. OnlyFans founder and CEO Tim Stokely said in an interview with the Financial Times this week that the company was forced to ban such content after unfair treatment by banks. OnlyFans said Thursday that it will abandon porn, the rock on which he built his house, the tinder that ignited his home. While Pornhub now relies on bank transfers and cryptocurrencies, OnlyFans will continue to process credit card payments for sexually explicit content at least for now.
Last week, Bloomberg more generally reported that “banking partners and payment providers had lobbied OnlyFans, a platform formerly known as a haven for sex workers, to ban the promotion of sexually explicit material starting Oct. 1.Stokely named JPMorgan, BNY Mellon and Britain's Metro Bank as examples of lenders who have made life difficult for OnlyFans and sex workers. A spokesman for the online subscription platform told CNBC that the proposed changes were no longer necessary due to assurances from banking partners that OnlyFans can support all genres of creators. When a BBC report, released shortly after OnlyFans announced its short-lived ban, found that the company's moderators were instructed to give three or more warnings to users who posted “illegal content” before closing their account, there were calls to action.
Subscriber-based social media platform OnlyFans sparked outrage last week when it announced it would ban “sexually explicit content” in October. That's why an OnlyFans announcement last Thursday that it would completely ban sexual activity, starting in October, caused some panic in the pornography industry, said Brian Gross, an industry publicist.
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