OnlyFans backtracks on incoming adult content ban

OnlyFans says it "secured assurances" to support creators after blaming banks for the ban

OnlyFans logo on a smartphone

Video and image sharing site OnlyFans has reversed course on a decision to ban sexually explicit content.

Last week, OnlyFans announced it would ban sexually explicit content starting October 1st, 2021, a move widely criticized by creators and sex workers who argued they built OnlyFans’ platform with their explicit content. In a tweet on August 25th, OnlyFans said it wouldn’t move forward with the ban after it “secured assurances necessary to support [its] diverse creator community.”

However, OnlyFans CEO Tim Stokely previously said in an interview with the Financial Times that banking partners were behind the ban. Stokely named JP Morgan Chase and Metro Bank as examples. The former was “aggressive in closing accounts of sex workers” according to Stokely, while the latter had closed OnlyFans’ account in 2019.

It’s also worth noting that OnlyFans has garnered a reputation closely linked to pornography and sex work, an image the company has previously tried to shake. Just this month, OnlyFans started pushing a new safe-for-work version of its app on iOS and Android in an effort to ditch the adult content reputation and position itself as a neutral platform in the same vein as Patreon.

It’s no secret that sexual content is a hard sell for investors. Other online platforms have banned adult content in efforts to be more appealing to investors — Tumblr, for example, permanently banned such content in 2018 when Verizon tried to sell the platform to Automattic. A recent Axios report noted that OnlyFans was seeking investors but was having difficulty getting them on board due to its adult content reputation. Further, Axios noted that OnlyFans didn’t mention porn at all in its pitch deck to investors.

Creators using OnlyFans criticized the company for considering a ban, accusing it of betraying the sex workers who helped build the platform in a brazen attempt to make more money. Some users feel that OnlyFans backtracked on the content ban only after it determined it could make more money with porn than without.

Additionally, several creators already started removing explicit content that would violate the new policy. Others began shifting subscriber bases to new platforms or lost subscribers altogether due to the ban announcement. Now, creators are faced with choosing between staying with OnlyFans even though the company attempted to betray them, or trying to find a competitor that’s more friendly to sex workers.

Source: OnlyFans Via: The Verge, Financial Times, Axios