OnlyFans CEO Explains Pornographic Content material Ban: Would ‘Completely’ Welcome It Again

Brandon Mena review pictures of himself on a mirror with his cellphone, as he makes content for his OnlyFans profile, in Caracas, on November 12, 2020. CRISTIAN HERNANDEZ/AFP via Getty Images
OnlyFans shook the online content creator community last week with the announcement that it would ban sexually explicit photos and videos starting in October. In a new interview OnlyFans’ founder said the decision was forced by the company’s banking partners and that he would “absolutely” welcome porn back on the site were the banking environment to change.
“The change in policy, we had no choice—the short answer is banks,” OnlyFans founder and CEO Tim Stokely told the Financial Times in a report published Tuesday.
OnlyFans said last week that changes to its content policy were meant to comply with the requests of firms that facilitate payment between the platform and content creators.
“We pay over one million creators over $300 million every month, and making sure that these funds get to creators involves using the banking sector,” Stokely explained in Tuesday’s interview. “This decision was made to safeguard their funds and subscriptions from increasingly unfair actions by banks and media companies—we obviously do not want to lose our most loyal creators.”
Bank of New York Mellon, for example, has “flagged and rejected” every wire transfer connected to the company, “making it difficult to pay our creators,” Stokely said.
Another banking partner, JPMorgan, was “particularly aggressive in closing accounts of sex workers or…any business that supports sex workers,” he added.
OnlyFans’ popularity and user numbers have surged during the pandemic. However, the startup is reportedly struggling to raise fresh capital for expansion and growth. Stokely said the sexual content ban was irrelevant to its fundraising needs.
“We didn’t make this policy change to make it easier to find investors,” he said.
Starting in October, OnlyFans will prohibit any content “containing sexually-explicit conduct.” Nude photos and videos will still be allowed as long as they are consistent with the website’s Acceptable Use Policy.
The London-based OnlyFans is majority-owned by Ukrainian-American entrepreneur Leonid Radvinsky. Although the company brands itself as a content platform primarily for photographers and musicians, porn has become its most popular content category.

OnlyFans Will Ban Grownup Content material on Platform in Order to Woo Traders

Brandon Mena takes pictures of himself with his cellphone to make content for his OnlyFans profile in Caracas, on November 12, 2020. CRISTIAN HERNANDEZ/AFP via Getty Images
OnlyFans, the online creator platform known for its adult content, will ban sexually explicit photos and videos on its website starting in October, the company said Thursday. The announcement was first reported by Bloomberg.
OnlyFans brands itself as a content platform primarily for photographers, musicians and fitness instructors. However, as its popularity soars—especially during the pandemic—the website has increasingly become synonymous with porn, often used by sex workers to sell fans sexually explicit videos and photos.
The policy changes were spurred by pressure from OnlyFans’ financial partners and the company’s need to raise fresh capital.
“In order to ensure the long-term sustainability of our platform, and continue to host an inclusive community of creators and fans, we must evolve our content guidelines,” OnlyFans said in a statement to Observer. “These changes are to comply with the requests of our banking partners and payout providers.”
Users will still be allowed to post nude photos and videos as long as they are consistent with the website’s Acceptable Use Policy, the company said.

OnlyFans is growing rapidly. Last year, the platform facilitated more than $2 billion in transactions. The company takes home a 20 percent commission. It’s on track to more than double sales to $5.9 billion this year.
Despite its surging popularity, however, OnlyFans has been struggling to raise funds from venture capitalists, according to Axios.
Citing multiple anonymous sources, Axios reported that OnlyFans had enlisted a bank to help it solicit investors since last spring, but “several deep-pocketed firms quickly passed, not even engaging in serious due diligence.”