OnlyFans dropped plans to ban pornography from its service less than a week after the move was announced, citing the need to comply with banking partner guidelines. On Wednesday, the social media platform said it had "secured the necessary assurances to support our diverse copyright community," hinting that its new agreement with banks will pay the authors of content, including those who share sexually explicit material. 
"We have secured the assurances necessary to support our diverse copyright community and are suspending the proposed policy change scheduled for October 1," OnlyFans said in a tweet. "We stand for inclusion and will continue to provide a home for all creators", the company said. Thank you to everyone who has made your voice heard. There is a lot to do and a lot to do.
OnlyFanss founder and CEO Tim Connelly blamed the banks for the pornban in an interview with the Financial Times published August 24, saying banks such as JP Morgan Chase, the Bank of New York Mellon and Britain's Metro Bank had deprived onlyFanss of the ability to pay creators. Her decision to ban banks from offering porn angered sex workers who relied on the site to make a living. There was a furious backlash against the OnlyFan creators, who urged the company to fix the problem. OnlyFan was able to resolve its dispute with banks that refused to do business with the company after they went public with the issue and published the large amount of money that flowed into the site each month in the order of $300 million in payouts.
Founded in 2016, OnlyFans claims to have more than 130 million registered users and more than 2 million creators. The site has grown in popularity because of its pro-porn policies and is trying to reach a wider audience. Earlier this month, the site launched OfTV, a streaming app that excludes explicit content, in part to encourage distribution on platforms that ban porn. Out of frustration, adult creators have also discontinued their OnlyFans pages and moved to alternative platforms. While the site has attracted celebrities to its platform, the most popular OnlyFan accounts include Bhad Bhabie, Cardi B, Jordyn Woods, Bella Thorne, Amber Rose, Blac Chyna, Rubi Rose and Tana Monsgeau.
OnlyFans announced on Wednesday that it had made a major U-turn and would not ban pornography on the site, despite the widespread backlash from the sex workers and creators who have helped popularise the site in recent years. The site said last Thursday that it would ban sexually explicit content from 1 October 2021, blamed for the decision the policies of banks and payment processors.
In response to a barrage of criticism after the ban was announced, OnlyFans tweeted an assurance on August 21 that no adult content would have to be created. In other words, the company had signed a new agreement with banks to pay authors of content outside OnlyFan, including those who provide explicit content. On Wednesday, OnlyFan said it would secure the necessary assurances to support its diverse copyright community, and hinted that there was a "new arrangement" with banks that would pay their creators to record and share less explicit material.
Image copyright OnlyFans Image caption OnlyFans lifts ban on explicit content after outcry OnlyFans says it suspends its plan to ban explicit content after an outcry from its creators and the advocates for sex workers. Last week, the creator of the platform OnlyFans announced that he was removing explicit content from his website in October this year. But after an immediate backlash from its own creators and the wider internet, the company reversed its plans and said it would suspend the ban.
Between the lines, the issue between the platform's creator, OnlyFans, and its payment processors and creditors - a frequent source of frustration for those monetizing adult content - appears to have been resolved and is now being worked out. 
OnlyFan founder and CEO Tim Connelly blamed JP Morgan Chase Bank, Bank of New York Mellon and Britain's Metro Bank for the proposed ban in an interview published on August 24 with the Financial Times. OnlyFans secured the necessary assurances to support its diverse copyright community by suspending its planned ban on explicit content in October. The ban on most forms of pornography was announced last week in response to a request from adult platform OnlyFans, a spokesman for OnlyFans told Quartz.
A few hours after OnlyFans announced its ban on explicit content, Axios reported that the site had grown so quickly that many venture capitalists could not or would not invest in it given its link to pornography. Days later the website OnlyFan announced that it would block explicit material from October to address concerns from banks and other financial service providers that it could allow transactions on the site.
Citing growing pressure from banks and affiliate payment providers, OnlyFan announced last week that it would ban users from posting such content from October. The decision angered the community of nearly two million creators, many of whom are sex workers and are responsible for the site's financial success. It also followed days of backlash from sex workers who said the platform that benefited from their content had let them down.
The rapid rise of OnlyFans came from the NSFW creators, who were able to take over their own content output and gain a loyal following on the site. After the site was linked to sex workers who used it to host adult content, MyFreeCams founder Leonid Radvinsky purchased a majority stake in the company. OnlyFan took a piece of what they were making, and it came with a billion-dollar valuation. 
Other sites where people pay for porn are popping up, and new ones are trying to lure outraged OnlyFan creators away. Content creators can still charge $50 for exclusive content and accept $100 individual tips, but OnlyFans "initial decision to ban adult content is likely to have serious financial implications for the site. 
OnlyFans is a content subscription service that enables content creators to obtain financial resources from fans who subscribe to them. It has numbers that many start-ups can only dream of with more than 130 million users, 2 million content creators and a free cash flow of $150 million last year. Earlier this month, the company oftTV introduces a streaming app that does not contain explicit content, partially in part to encourage distribution on platforms that do not allow pornography.
OnlyFans today cancelled plans to ban sexually explicit images and videos from its platform, in a major turn-around after fierce backlash from creators who said the ban would cost them £5,000. The decision comes just days after the streaming service announced plans to ban sexually explicit content from the site, sparking a huge backlash from the majority of its users who use many forms of adult content. Banks refused to do business with the site if it continued to harbor sexually explicit material, leading to a short-term plan to ban porn altogether.
The only reason conservative and religious groups attack porn sites is because they are against sexual content, says Cathy Reisenwitz, an author for OnlyFans and creator. She makes between $1,600 (£1,166) and $3,500 (£2,550) a month with the site.
OnlyFans CEO Tim Stokely said that JP Morgan Chase, BNY Mellon and Metro Bank had created unfair barriers to paying creators by linking the sites to sex work. Wednesday's about-face suggests that adult content creators still have a powerful voice, but the saga has shown that the site can destroy the livelihoods of many who thrive on its platform in an instant. Courtney Tillia, who teaches for OnlyFans and has a career as one of the authors of website content, said they were affected by the news.
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