Popular website OnlyFans reversed course on their planned plan to remove all sexually explicit content on their site. Responding to a massive online backlash from content creators and customers, the site said it’ll keep the status quo.
Plan To Ban Adult Explicit Content
Earlier this month, OnlyFans announced it will stop hosting content creators that feature sexually explicit content on their site. This was in response to concerns from financial services companies that process payments. As a result, the London-based firm will preserve its business model of allowing adult content.
In banning sexually explicit content, OnlyFans is attempting to rebrand as a platform not just for sexual content but for all types of creators. The company insists that its site hosts every type of job from chefs to musicians to scientists.
In fact, they signed up artists such as Cardi B and Bella Thorne to provide some mainstream content. However, it remains undeniable that porn is the major category and revenue driver for OnlyFans.
Pushback From Content Creators
OnlyFans is home to a number of adult content creators that sell their original photos and videos. Creators can earn money from subscription fees directly sent to them on a monthly basis. Fans can also send tips and view content through pay-per-view.
Currently, OnlyFans hosts 2 million content creators and 130 million users. Even as OnlyFans aims to show different interests and ideas, a majority of the creators post sexually explicit content.
The reversal came after pushback from content creators on OnlyFans. Many adult creators lost work during the pandemic and earned a steady income by selling their images on the site.
Losing the ability to post explicit content will cause a large exodus of creators from the site. However, many content owners prefer to continue with their partnership with the British hosting site.
Starting over with new hosts and setting up new payments and getting back subscribers will take a lot of time and effort. In addition, these sex-themed creators helped make OnlyFans a successful website.
OnlyFans Changes Direction, Will Allow Sexually Explicit Content Again
By Wednesday, the company tweeted that the ban won’t push through. “We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. OnlyFans stands for inclusion and we will continue to provide a home for all creators,” it tweeted.
Meanwhile, founder and CEO Tim Stokely admitted that their planned ban to end sexual content stemmed from unfair treatment from banks.
He said that banks such as JPMorgan, BNY Mellon, and the UK’s Metro Bank made it difficult to process transactions for the platform and its creators.
Stokely Denies He’s Looking for External Investors
Stokely also denied that they want to ban sexual content to secure additional funding from external investors. He insisted that OnlyFans “didn’t make this policy change” to make it easier to land investors.
In addition, Stokely also rejected suggestions that payment processor Mastercard is calling the shots. Beginning October 1, Mastercard will set down tougher rules for adult-themed merchants.
The date coincides with OnlyFans’ planned turnaround. However, Stokely said that their operations are already compliant with Mastercard’s new rules. A Mastercard spokesperson confirmed Stokely’s assertion. He said that OnlyFans “made this decision themselves.”
Watch the Yahoo Finance video reporting that OnlyFans reverses decision on porn ban:
Do you know OnlyFans? In addition, do you visit it for anything other than adult content? Do you support the business decision to revert back to hosting explicit content?
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