ONLYFANS is reportedly set to ban raunchy content after pressure from the company's payment providers and banking partners.
From October 1, members will still be able to post some nude content, but it will need to obey the new OnlyFans' policy banning sexually explicit images and video.
Since the start of the pandemic, the OnlyFans says their membership surged to 130 million users across the world.
But the company has since released a statement announcing the change at "the requests of its banking partners and payment providers".
Read our OnlyFans live blog for the latest updates…
- Joseph Gamp
WHAT ARE ONLYFANS ACCOUNTS?
Adult entertainment workers post x-rated photos and videos to their accounts, which are protected by a paywall.
Customers then pay to see the content.
Users can charge anywhere from $5 to $49.99 per month for subscriptions.
Outside of subscriptions, OnlyFans creators can also receive tips and set up paid private messages.
- John Hall
WHAT HAS MR STOKELY SAID?
Mr Stokely told Bloomberg: "OFTV provides a super convenient way for fans to watch content from favorite creators.
"There's no adult content on OFTV. Because it's not being monetised and there's no direct impact on creators' earnings, we are able to be in the app store."
- John Hall
WHO STARTED ONLYFANS?
Essex businessman Tim Stokely founded it in 2016.
It follows a recent OnlyFansannouncement it had launched a new “suitable for work” app called OFTV that allows people to share nudity-free content.
OFTV is separate from OnlyFans proper, and is designed as a safe-for-work rival to TikTok.
But the main OnlyFans is also pruning some of its more hardcore content from October onwards.
- John Hall
RANGE OF INTERESTS
OnlyFans creators can post a range of content from cooking to fitness videos, but it is best known for adult content.
Some creators post nude videos and photos that subscribers can only view by paying a tip or a monthly fee.
OnlyFans takes a 20 per cent cut of all payments.
- John Hall
MEMBERSHIP SURGE
Since the start of the pandemic, the OnlyFans says their membership surged to 130 million users across the world.
But the company has since released a statement announcing the change at "the requests of its banking partners and payment providers".
It said: "In order to ensure the long-term sustainability of the platform, and to continue to host an inclusive community of creators and fans, we must evolve our content guidelines.
"We will be sharing more details in the coming days, and we will actively support and guide our creators through this change in content guidelines.
"OnlyFans remains committed to the highest levels of safety and content moderation of any social platform. All creators are verified prior to being able to upload any content to OnlyFans, and all uploaded content is checked by automated systems and human moderators."
- John Hall
WHEN WILL THE BAN COME IN?
OnlyFans will prohibit the posting of any sexually-explicit content from October 1 2021.
- John Hall
WHY IS THERE A BAN?
In a statement OnlyFans said: “In order to ensure the long-term sustainability of our platform, and the continue to host an inclusive community of creators and fans, we must evolve our content guidelines.”
This is to “comply with the requests of our banking partners and payout providers”.
The compnay is trying to raise money from outside investors at a valuation of more than $1 billion.
The unexpected move will come as a shock to its 130 million users, who many flocked to the platform during the coronavirus pandemic as the production of regular pornography impacted by lockdowns.
OnlyFans has been praised for providing sex workers a safer place to do their jobs, but sex work does come with a stigma.
The company positions itself more as a forum for musicians, fitness instructors and chefs than sex workers.
- John Hall
IS ONLYFANS SHUTTING DOWN?
OnlyFans is not shutting down but due to regulation changes, it has drastically changed how the site operates with users.
The platform is known for sex workers, influencers, musicians and celebrities charging 'fans' for pictures, videos and personalised content.
It allows content creators to receive funding directly from their fans on a monthly basis as well as one-time tips and the pay-per-view feature.
The UK company – which is one of the world’s fastest-growing social platforms will no longer allow content “containing sexually explicit conduct”.
Nudity will still be allowed and the company have said more detailed guidance would be published to its more than two million creators in the coming days.
- Joseph Gamp
ONLYFANS WILL BAN SEXUALLY EXPLICIT CONTENT IN SHAKEUP
ONLYFANS is reportedly set to ban raunchy content after pressure from the company's payment providers and banking partners.
From October 1, members will still be able to post some nude content, but it will need to obey the new OnlyFans' policy banning sexually explicit images and video.
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