Less than a week after declaring that sexually explicit content would no longer be welcome on the
platform starting October, OnlyFans made an about-face today declaring on its official Twitter site that it "stands for inclusion and we will continue to provide a home for all creators."
The email sent out by OnlyFans prohibiting explicit content. Thank you to everyone for making your voices heard.
— OnlyFans (@OnlyFans) August 25, 2021
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 was a stunning reversal for the content subscription service, which cited banks as the main reason for the decision to cut off the site's large contingent of sex workers from their major source of revenue in an interview with Financial Times:
The change in policy, we had no choice — the short answer is banks," Tim Stokely, the company's CEO, said, adding that banks have refused to work with the company due to "reputational risk," alluding to the many OnlyFans users who sell explicit content on the subscription-based platform.
OnlyFans has frequently run into issues due to financial institutions "flagging and rejecting" transactions, which ultimately led to their decision to move forward without X-rated content, he explained.
"This decision was made to safeguard [our users'] funds and subscriptions from increasingly unfair actions by banks and media companies — we obviously do not want to lose our most loyal creators.
The OnlyFans community would not be what it is today without you.
— OnlyFans (@OnlyFans) August 21, 2021
The policy change was necessary to secure banking and payment services to support you.
We are working around the clock to come up with solutions.#SexWorkIsWork
Following an immediate outcry from both fans, supporters, and advocates critical of the move because they believe it puts sex workers at risk, OnlyFans has suspended the planned policy change. An email sent out to creators said, "The proposed 1 October 2021 changes are no longer required, due to banking partners' assurances that OnlyFans can support all genres of creators. OnlyFans is committed to providing a sage and dependable platform for all creators and their fans."
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