Onlyfans dropped plans to ban pornography from its service, less than a week after the UK content-creator membership site announced the change, citing the need for banking partners to comply with policies.
On Wednesday, the company said it has "secured the assurances necessary to support our diverse creator community," suggesting it has new agreements with banks to pay only fan-only content creators for sexually explicit content. Shareholders are also included.
"Thank you everyone for making your voice heard. We have received the necessary assurances to support our diverse maker community and have suspended the planned October 1 policy change,” the company said in a tweet.
"Fans Only stands for inclusion and we will continue to provide a home for all creators," the company said.
An OnlyFans spokesperson declined to say which bank or banks it has new or new payment-processing agreements with. "The proposed October 1, 2021 changes are no longer required due to assurances from banking partners that OnlyFans can support all types of creators," the representative said.
So was it all about nothing but a lot?
Only fans may have been able to resolve their conflict with the banks, some of whom refused to do business with the site, by going public with the issue – and reducing the huge amount flowing through the site to $300. Promoted on the order of a million. In payment per month.
Tim Stokely, founder and CEO of Onlyfans, in an interview with the Financial Times published on August 24, placed the blame for the porn ban on banks, saying banks including JPMorgan Chase, the Bank of New York Mellon and the UK's Metro Bank had hacked. Ability to pay creators only for fans.
The furious backlash among the creators of OnlyFans also certainly prompted the company to address the problem quickly. OnlyFans' decision to ban porn angered sex workers who have relied on the site to support themselves. In desperation, some adult creators had already deleted their OnlyFans pages and moved to alternative platforms.
Founded in 2016, the site claims to have over 130 million registered users and over 2 million creators.
While OnlyFans' popularity grew largely based on its porn-friendly policy, the company is trying to reach a wider audience. For example, this month it officially launched OFTV, a streaming app that strips out sexually explicit material in order to receive distribution on platforms that reject pornographic content. OFTV is available on Android, iOS, Apple TV, Roku, Amazon's Fire TV, Android TV and Samsung Smart TVs.
OnlyFans has been able to attract some celebrities to its platform with some of the most popular OnlyFans accounts including Bhad Bhabie, Cardi B, Jordyn Woods, Bella Thorne, Amber Rose, Blac Chyna, Ruby Rose and Tana Mongeau.