OnlyFans, the popular porn subscription platform, has backtracked on its plans to ban explicit content. Through a brief statement published on Twitter this Wednesday, the company has assured that it has gathered the “necessary guarantees” to support its “diverse community of creators” and that it suspends the policy change scheduled for October 1.
In a statement subsequently sent to elDiario.es, the company explained that the changes proposed for that date “are no longer necessary” due to “guarantees from banking partners that OnlyFans can support all genres of creators.”
Just six days ago, OnlyFans sent an email to its users saying that from that date it would not allow “explicit sexual content”, only nudity. The decision baffled the thousands of creators who sell adult content on the platform, who have been searching for alternatives ever since. OnlyFans has become very popular during the pandemic and at the end of 2020 it had more than one and a half million registered creators.
The company, founded by an English family and acquired 75% in 2018 by Ukrainian-American investor Leonid Radvisnky, pointed directly at banks and payment providers as responsible for this decision.
“To ensure the long-term sustainability of the platform and to continue to host an inclusive community of creators and fans, we must evolve our content policy,” he said. “These changes are to comply with the requests of our banking and payment providers.”
In an interview this Tuesday with the Financial times, founder Tim Stokely accused the Bank of New York Mellon bank of hindering his business and rejecting payments that OnlyFans makes to creators. The reversing announcement came a few hours after this interview. The policy change was highly criticized by users who sell explicit content and who have grown the platform.