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  #31  
Old 26-Aug-21, 03:24
saito
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Default Re: Breaking: OnlyFans is banning sexually explicit content

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Originally Posted by sara [Only Registered Users Can See LinksClick Here To Register]
Hmm what counts as porn then?
You can pretty much guarantee that any nude photograph or recording, sex or no, will be flagged and banned. I can also guarantee that facesitting is out, and wrestling will be judged on a case by case basis, with it eventually getting banned. I think we all know where this is heading. Unfortunately, we didn’t make moves to stop this when it was limited to PornHub, and now we will reap those consequences.
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  #32  
Old 26-Aug-21, 05:06
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Default Re: Breaking: OnlyFans is banning sexually explicit content

OnlyFans founder blames banks for ban on porn
Tim Stokely says Bank of New York Mellon ‘flagged and rejected’ all interbank wires linked to website

Patricia Nilsson in London August 24 2021

OnlyFans’ founder Tim Stokely has blamed “unfair” treatment by banks for forcing him to ban pornography on the platform, a decision that caused an outcry from the site’s users and sowed doubt over its future.

“The change in policy, we had no choice — the short answer is banks,” Stokely, who is also the company’s chief executive, told the Financial Times.

Since it banned explicit content last week, the UK company has faced accusations of abandoning the adult performers who helped attract its roughly 130m users as well as scepticism over whether it could prosper under new rules that banned sex acts, though it will permit nudity.

Stokely said the change came in response to an increased level of obstacles from banks, which would “cite reputational risk and refuse our business”.

“We pay over one million creators over $300m every month, and making sure that these funds get to creators involves using the banking sector,” he said, singling out Bank of New York Mellon as having “flagged and rejected” every wire connected to the company, “making it difficult to pay our creators”.

BNY Mellon’s role, in this case, was as an intermediary bank, helping with transfers between OnlyFans’ bank and the bank accounts of its creators.

Stokely also said UK-based Metro Bank had closed OnlyFans’ corporate account in 2019 with short notice and highlighted how many sex workers, including OnlyFans creators, were struggling to access basic financial services.

“JPMorgan Chase is particularly aggressive in closing accounts of sex workers or . . . any business that supports sex workers,” he said.

BNY Mellon, Metro Bank and JPMorgan declined to comment. OnlyFans declined to name its current banking partners, citing a desire to improve relations.

Opposition to the porn industry has taken on new life in recent years, with a string of high-profile media investigations into the prevalence of child pornography and other non-consensual footage on so-called tube sites.

OnlyFans has not been immune to scrutiny, despite operating a business model in which both viewers and creators are verified and content is protected behind a paywall.

Stokely claimed OnlyFans had been unfairly targeted by media reports into “incidents of illegal content” that failed to mention how porn-free social media platforms grappled with similar issues. “Banks read the same media as everyone else,” he said.

Some financial groups, such as Mastercard, have responded to growing wariness of the porn industry with more stringent rules for “specialty merchants” due to take effect on October 1, the same date OnlyFans’ policy change comes into effect.

OnlyFans drops sex and embraces a soft-core future

This prompted speculation that Mastercard was driving the platform’s new stance, a claim Stokely disputed.

“We’re already fully compliant with the new Mastercard rules, so that had no bearing on the decision,” he said.

OnlyFans’ announcement also prompted questions about how it would manage to enforce the ban. Stokely said the company was hiring almost 200 moderators to a team of almost 1,000 staff members who were “involved in some part of our multi-step moderation process”.

The rules have also delayed the company’s plans for a share sale, as majority owner Leonid Radvinsky, the Ukrainian-American entrepreneur behind porn site MyFreeCams, looks to offload part of his stake.

Stokely rejected reports that wariness from investors was behind the decision.

“We didn’t make this policy change to make it easier to find investors,’‘ said Stokely, arguing his family and Radvinsky would not bring in owners that were not comfortable with adult performers. Stokely said he would “absolutely” welcome porn back if the banking environment was to change.

“This decision was made to safeguard their funds and subscriptions from increasingly unfair actions by banks and media companies — we obviously do not want to lose our most loyal creators,” Stokely said.
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  #33  
Old 26-Aug-21, 06:43
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  #34  
Old 26-Aug-21, 11:23
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Default Re: Breaking: OnlyFans is banning sexually explicit content

So they have now reversed the decision.

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  #35  
Old 26-Aug-21, 22:47
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Default Re: Breaking: OnlyFans is banning sexually explicit content

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Originally Posted by Chainsaw [Only Registered Users Can See LinksClick Here To Register]
So they have now reversed the decision.

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This american puritatism make's me mad! Showing to kids and adults, people killed in war by thousand's no problem but show a boop it's a crime! This is perverted! What a shame the american politician!
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  #36  
Old 27-Aug-21, 14:57
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Default Re: Breaking: OnlyFans is banning sexually explicit content

Ups changed .....maybe they saw money flew away
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  #37  
Old 27-Aug-21, 16:52
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Default Re: Breaking: OnlyFans is banning sexually explicit content

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Originally Posted by Patrick Henry [Only Registered Users Can See LinksClick Here To Register]
Uxiel, In my previous post (#24), I specifically addressed why the Left is against women making money from their physical beauty..

You're confusing the presence of Christians, with their power in corporate America.. I agree Christianity is the largest religion in the US. But it is not the prevailing influence over corporate America.. Leftist values are. Just look at how corporate America suddenly celebrated the recent (gay) pride month. That wouldn't be the case if corporate America was dominated by conservative Christians.
If you believe that the banks & payment processors are crippling OnlyFans because payment processors are controlled by/beholden to conservative Christians.. I guess I can't/won't try to convince you otherwise. peace ~
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Originally Posted by BrutalSex [Only Registered Users Can See LinksClick Here To Register]
The girls have to work in McDonald
Guys can invest their money into stocks, cryptos or something else.
This is a win-win result


There are professional studio making high quality contents. You don't have to subscribe those overpriced Onlyfans stuff.
These aged well.

It's not over, though. Nope, it's never over....

The world is always changing, but for now, I do not see any way forward for a public offering. But private equity? There are PLENTY of potential investors in that space who don't give a shit how OF makes its money, so long as it's legal (enough) and VERY profitable. At a minimum, they could probably do a $400-500M capital raise with just a few phone calls. I would be happy to take a risk with them.
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