OnlyFans to Ban Sexual Content In October

[ErosWired]

“At the request of banking and financial partners”, OnlyFans is banning explicit sexual content from its platform in October. Which means, Visa and Mastercard got to them, too.

 I keep saying it - Prohibition didn’t dry up anybody’s thirst for alcohol, it just diverted the source to different outlets. The same will happen here. People will get creative, because they have to - they’re addressing a basic human need. Lust will find a way.

Edited August 20, 2021 by ErosWired

[PigFaggot2904]

I wonder how long until they crack down on JustForFans?

[viking8x6]

2 hours ago, ErosWired said:

they’re addressing a basic human need. Lust will find a way.

Not to mention the enormous profitability involved.

[tighthole64]

[drscorpio]

On 8/20/2021 at 11:38 AM, PigFaggot2904 said:

I wonder how long until they crack down on JustForFans?

JustForFans is run by sex workers for sex workers. They won't succumb to the kind of corporate greed that is driving OnlyFans' actions. 

[FelchingPisser]

1 hour ago, drscorpio said:

JustForFans is run by sex workers for sex workers. They won't succumb to the kind of corporate greed that is driving OnlyFans' actions. 

How do you pay for JustForFans?  Isn't it through the same credit card companies that are the problem?

[Hintyt]

Sites like JFF may eventually need to find alternative payment methods, such as cryptocurrency.  Of course there’s also good old fashioned cash!  LOL!

[garsento]

4 hours ago, FelchingPisser said:

How do you pay for JustForFans?  Isn't it through the same credit card companies that are the problem?

It is, yes.

[drscorpio]

4 hours ago, FelchingPisser said:

How do you pay for JustForFans?  Isn't it through the same credit card companies that are the problem?

OnlyFans wants to borrow money. Banks wouldn't lend it without them getting rid of porn. 

I agree they may have to find alternate payment options. The problem there is people who have gotten used to using credit cards being unwilling to try other mehods. Online popper sales have had similar issues. 

[alwaysready]

the reason given for this seems to me 'whiffy' as the brits say.  it is claimed the banks won't work with them unless the change in content is made. well, do they owe banks a lot of money? if so onlyfans is rolling in dough. e.g. when a big name gets on and earn 1m in 24 hours--which has happened--onlyfucks takes 30%, as they do with all downloaded content, i believe.  so...i can't see how they could be in debt? i do not know puter stuff, but i assume their main costs are increasing server capability and some staffing. are they wanting money from the banks for another venture?  honestly, they have not learned from tumblr which died an agonizing and noise death as will only fucks. and a lot of guys who need the money will have to hope that justfans will work as well, and that their fanbase will, indeed, go over there.

 

[alwaysready]

i think the 'wants to borrow money' is the whiffiest part of this whole deal?  for another venture?  surely they can find banks who look at their bottom line and know they will pay back loans. hell if 'the last guy' was able to continue borrowing with his atrocious track record, surely a small venture (small being relative) could find a bank willing to lend money. frankly i think they are afraid the justice dept, and state depts of justice are going to come down on them like a ton of bricks.  if the justice dept did not do so in 'the last guy's' admin, i doubt they will do it now. they have other matters to deal with.

[BootmanLA]

4 hours ago, alwaysready said:

i think the 'wants to borrow money' is the whiffiest part of this whole deal?  for another venture?  surely they can find banks who look at their bottom line and know they will pay back loans. hell if 'the last guy' was able to continue borrowing with his atrocious track record, surely a small venture (small being relative) could find a bank willing to lend money. frankly i think they are afraid the justice dept, and state depts of justice are going to come down on them like a ton of bricks.  if the justice dept did not do so in 'the last guy's' admin, i doubt they will do it now. they have other matters to deal with.

The problem is not that the banks don't recognize the money-earning potential of such sites. They do.

But the banks are parts of large, big-target conglomerates, and bad publicity is toxic for them. "The former guy" wasn't the target of mass protests against, say, sex trafficking, and so the banks lending him money didn't have to deal with twenty state attorneys general conducting "investigations" of the bank, calling attention to what they were financing. At least not for years. Once it became widely, publicly known that Trump was a huge tax cheat and that DeutscheBank was facilitating that, you see how fast they started cooperating with investigators and cut Trump off from further loans. (And years before that, the main branches of DeutscheBank had already done that, with his current loans only authorized by a private banking subsidiary that wasn't as closely watched by the central offices.)

 

All of which is to say: once you get the big banks involved, whether it's to borrow money for expansion, or to help conduct an IPO, or whatever, the rules - both written and unwritten - change. 

[alwaysready]

there are smaller banks around

[ejaculaTe]

5 hours ago, alwaysready said:

[ejaculaTe]

[the iPad ate the original version]
 

Yep, there are small banks, and they can issue credit cards. The problem isn’t with the banks, but with the card associations. The credit card brands like Visa, MasterCard, Discover, and American Express are card associations. They set the policies and standards for payment processing (such as interchange fees), as well as serve as the middle man between issuing banks and merchant banks. If I’ve read the news reports right, MasterCard has decided it won’t accept processor requests for transactions originating from merchants such as OnlyFans unless the merchant has various mechanisms in place to resolve claims regarding illegal or unauthorized posting of videos. OnlyFans made a separate decision to remove sexually explicit video from the site in order to facilitate corporate financing, a decision that has the collateral benefit of complying with the policies set out by MasterCard.

[I readily admit that I may not have correctly recalled all of the details, but I think I have the basic narrative correct.]