OnlyFans dropped plans to ban pornography on its service, less than a week after the U.K. content creator subscription site announced the change, citing the need to comply with banking partner policies.
OnlyFans removes ban on planned pornography and will continue to allow sexually explicit content
On Wednesday, the company said it “secured the necessary safeguards to support our diverse community of creators,” suggesting it has new agreements with banks to pay OnlyFans content creators, including those who share sexually explicit material.
“Thank you all for making your voices heard.
We have obtained the necessary assurances to support our diverse community of creators and have suspended the policy change planned for October 1, ” the company said in a tweet .
A spokesperson for OnlyFans declined to say which bank or banks it has new or renewed payment processing agreements with.
“The proposed October 1, 2021 changes are no longer necessary due to assurances from banking partners that OnlyFans can support all genres of creators,” the representative said.
OnlyFans may have been able to resolve its dispute with the banks, some of which had refused to do business with the site, by going public with the problem and publicizing the large amount of money flowing through the site, to the tune of $300 million.
in payments per month.
OnlyFans founder and CEO Tim Stokely blamed banks for the porn ban in an interview with the Financial Times published Aug. 24, saying banks such as JP Morgan Chase, Bank of New York Mellon and Metro Bank of the U.K.
had cut off OnlyFans’ ability to pay creators.
The furious reaction among OnlyFans creators also pushed the company to quickly resolve the issue. OnlyFans’ decision to ban pornography infuriated sex workers who have relied on the site to support themselves.
Founded in 2016, the site claims to have more than 130 million registered users and more than 2 million creators.
While OnlyFans gained popularity largely due to its porn-friendly policy, the company has been looking to reach a wider audience.
