Discussion

• @tomgara Tom Gara on x

  The OnlyFans CEO says BNY Mellon was flagging and rejecting every transaction between the company and its users https://www.ft.com/... https://twitter.com/...

• @daweiner David Weiner on x

  No one has properly covered the way banks and credit card processors control commerce in ways beyond the law. If you think this is bad, just look up the TMF or MATCH list, Mastercard's privately controlled blacklist that can destroy your business—and life—based on someone's word.…

• @jeffnolan Jeff Nolan on x

  It really stinks that big banks @jpmorgan @BNYMellon et al forced a policy change at @OnlyFans not based on legality but arbitrary moral policies. They did the same thing to the cannabis industry. Banks should be accountable to regulators, they should not BE REGULATORS. https://t…

• @ejdickson Ej Dickson on x

  Exodus Cry famously was the guiding force behind the Nicholas Kristof Pornhub “expose” that led to credit card processors like Mastercard refusing to work with them, thus decimating the income of many sex workers overnight: https://www.rollingstone.com/ ...

• @bendwalsh Ben Walsh on x

  that OnlyFans did not and could not conceivably have operated its payments system on bitcoin/blockchain is almost all you need to know about its viability as a payments system https://twitter.com/...

• @carnage4life Dare Obasanjo on x

  OnlyFans has now created a test case for crypto as an alternative to the fiat currency system for payments. You can literally create a multi-billion dollar company overnight by cloning OnlyFans with payments in crypto. If no such company shows up in the next year, it says a lot

• @ejdickson Ej Dickson on x

  Again, OnlyFans' policy change is not particularly surprising to anyone who has been paying attention the past few years but I cannot stress enough the role the media has played in unquestioningly regurgitating the right's lies about the industry and furthering their agenda

• @jp_koning John Paul Koning on x

  OnlyFans' founder blames banks for its recent porn ban, not MasterCard. In particular he blames BNY Mellon for having “flagged and rejected” every wire connected to the company, “making it difficult to pay our creators”. https://www.ft.com/... https://twitter.com/...

• @saraashleyo Sara Ashley O'Brien on x

  OnlyFans founder blames “unfair” treatment by banks — and the media, for unfairly targeting ‘incidents of illegal content’ while failing to note how porn-free platforms grapple w/ similar issues. “Banks read the same media as everyone else,” per @FT https://www.ft.com/...

• @rtyson82 @rtyson82 on x

  Yet another reason to hate JPMorgan Chase https://twitter.com/...

• @ejdickson Ej Dickson on x

  NCOSE (formerly far-right group Morality in Media) has long been putting the squeeze on platforms to ban porn by accusing them of hosting CSAM (coincidentally, Exodus Cry cofounder Laila Mickelwait recently posted CSAM on Twitter and has yet to be banned): https://www.rollingston…

• @alexstamos Alex Stamos on x

  @CaseyNewton @RachaelRad @elipariser The problem is that OnlyFans is a business that needs a commercial bank account, no matter how they take and remit payments. They have to pay data centers, bandwidth, landlords, OEMs, and *payroll*. Try to pay people compliant with IRS, ERISA …

• @davidcmurphy David C. Murphy on x

  I've never used or even visited OnlyFans so maybe I'm missing something, but it seems like these banks should face a “reputational risk” for their extremist puritanism. Shame on @chase @BNYMellon @Metro_Bank. Don't ban legal and consenting sexual content. https://twitter.com/...

• @notgeauxgabby Gabrielle Perry on x

  JP Morgan Bank that was founded on using slaves as collateral and just got caught hauling a record breaking amount of cocaine into the country is staunchly against OnlyFans and sex work https://twitter.com/...

• @bloggeronpole Dr Carolina Are on x

  To me, the way OF handled this move is a lesson in how NOT to announce major changes. Yes, banks ultimately hold the power over OF. BUT claiming your main users are valuable to you *after* a backlash, w/o having told them 1st & without much contrition doesn't look good PR wise ht…

• @normalhoroscope @normalhoroscope on x

  Y'all, OnlyFans did not “Sell Out” it's creators. Banks are denying them service because of meaningless moral panics. https://twitter.com/...

• @ejdickson Ej Dickson on x

  The founder of OnlyFans confirms that high-profile anti-porn media campaigns from orgs like Exodus Cry and NCOSE prompted risk-averse banks to refuse to work with them, leading to the porn ban: “Banks read the same media as everyone else,” he said. https://www.ft.com/...

• @markdistef Mark Di Stefano on x

  The banks behind OnlyFans being forced to ditch porn are being identified - from @patricianilsson https://www.ft.com/... https://twitter.com/...

• @samleecole Samantha Cole on x

  the founder of OnlyFans zeroing in on banks in this interview: https://www.ft.com/... https://twitter.com/...

• @carnage4life Dare Obasanjo on x

  OnlyFans blames banks such as BNY Mellon, Metro Bank & JPMorgan for getting out of the porn business. These banks would close their corporate accounts and reject wires to users. Given they payout $300M to 1M users each month, the situation became untenable https://t.co/pIPEo4z854

• @silviakillings Silvia Killingsworth on x

  “JPMorgan Chase is particularly aggressive in closing accounts of sex workers or . . .  any business that supports sex workers” https://www.ft.com/...