OnlyFans’ founder has blamed banks for the company’s ban on sexually explicit content, which stars of the platform say will either force them out of business or else drive them to switch to a new channel.
Company founder Tim Stokely was last week condemned for Video Bokep abandoning Porn Sex workers who say they’ve built his fortune, but he has now insisted that banks which process the start-up’s payments were to blame for the ban.
‘The change in policy, we had no choice — the short answer is banks,’ he told the .
He blasted the ultimatum he says his firm was issued with as ‘unfair’ and said banks had warned him they were incurring ‘reputational risk’ by handling OnlyFans’ finances.
Stokely claimed UK-based Metro Bank closed OnlyFans’ corporate account on short notice in 2019, Foto Porno and Indo Bokep accused US firm Bank of New York Mellon of ‘making it difficult to pay our creators’, having ‘flagged and rejected’ every wire associated with the firm.
He also hit out at another American bank, JP Morgan Chase, saying: ‘JPMorgan Chase is particularly aggressive in closing accounts of Porn Sex workers or any business that supports Porn Sex workers,’ he continued.
Tim Stokely, the British entrepreneur behind the website OnlyFans, has blamed the decision last week to ban sexually explicit content was the result of pressure from banks
He added: Video Porno ‘We pay over one million creators over $300 million every month, and making sure that these funds get to creators involves using the banking sector,’ he told the Financial Times in an interview published Tuesday.
Following the announcement last week, several Porn Sex workers told the PA news agency they intended to find a new platform and expected OnlyFans to close as a result of many others leaving.
Stokely said he would ‘absolutely’ allow pornographic content to return to the site if banks changed their approach.
‘This decision (to ban explicit content) was made to safeguard their funds and subscriptions from increasingly unfair actions by banks and media companies,’ he said.
‘We obviously do not want to lose our most loyal creators.’
The platform, which is popular among Porn Sex workers, recently announced new rules coming into effect in October that prohibit ‘any content containing sexually explicit conduct’ – though non-sexual nudity will still be permitted.
Porn Sex workers and models who have built their livelihoods on OnlyFans accused the website of ‘using them’ and then ‘betraying them’.
Initially the London-based company said the move was being introduced due to pressure from financial partners, leading some to assume payment processors Mastercard and Visa were behind it.