OnlyFans’ founder has blamed banks for Foto Porno the company’s ban on sexually explicit content, Indo Bokep which stars of the platform say will either force them out of business or Video Bokep else drive them to switch to a new channel.
Company founder Tim Stokely was last week condemned for abandoning sex workers who say they’ve built his fortune, Porn Video 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 Video Porno 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, and accused US firm Bank of New York Mellon of ‘making it difficult to pay our creators’, having ‘flagged and Video Bokep rejected’ every wire associated with the firm.
He also hit out at another American bank, JP Morgan Chase, saying: Video Porno ‘JPMorgan Chase is particularly aggressive in closing accounts of sex workers or Bokep any business that supports Porn Sex workers,’ he continued.
Tim Stokely, Indo Bokep 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, Indo Bokep several 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, Porn Sex which is popular among sex workers, Video Porno 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.
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 Video Porno Visa were behind it.
Stokely said Chase, Metro Bank and Bank of New York Mellon were to blame for the change in policy, Porn Sex which has angered many content creators on the site